Category: Centrica

British Gas Owner Centrica Sees Profits Triple in 2022 Amid Soaring Energy Prices

February 16, 2023
British GasBusiness & MarketsCentricaenergyenergy pricesJeremy HuntRishi SunakRussian Invasion of UkraineUKwindfall taxWorld
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Energy firm Centrica, which owns British Gas, has seen its profits more than treble in 2022 amid soaring energy prices following the Russian invasion of Ukraine. The energy giant reported underlying operating profits of £3.3 billion ($4 billion), more than triple its £948 million profits for 2021. Stripping out its Spirit Energy businesses that were…

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UK Courts Ordered to Halt Cases Involving Force-Fitted Energy Prepayment Meters

February 7, 2023
British GasBusiness & MarketsCentricacourtsenergyjudgesLord Justice EdisUKWorld
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One of the UK’s most senior judges has ordered magistrates’ courts to stop listing cases involving the force-fitting of energy prepayment meters in customers’ homes. Lord Justice Edis issued the direction on Monday to all court staff in England and Wales. In the letter, seen by The Epoch Times, Edis said that judges “must act…

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British Energy Suppliers Ordered to Suspend Prepayment Meter Installations

February 3, 2023
AnnouncementsBritish GasBusiness & MarketsCentricaChris O'SheaenergyGraham StuartGrant SchappsOfgemPay-as-you-goUKWorld
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Britain’s energy providers have been ordered to suspend all prepayment meter installations by industry regulator Ofgem. The move comes in the wake of The Times of London investigation that revealed how British Gas customers, including those disabled and mentally ill, had pay-as-you-go meters forcibly installed in their homes. Speaking on Thursday, Ofgem chief Jonathan Brearley…

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