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The Latest Breaking News from Centrica

Centrica sees earnings in British Gas supply arm more than halve in 2024

Centrica said underlying earnings in its British Gas energy supply division tumbled to £297 million last year from £751 million in 2023.

Evening Standard

Centrica may close UK’s largest gas storage site. Is the energy system really ready?

The risks need accessing as a renewables-heavy set-up would make demand for gas more volatile and unpredictable

The Guardian - UK

Minister: Extremist scaremongering to suggest UK close to experiencing blackouts

Michael Shanks made the claim as MPs on the Conservative benches raised concerns over the Government’s approach to energy supplies.

Evening Standard

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Nearly half of the UK’s energy is already from renewables - why are bills so high?

The UK’s electricity is still set by the cost of gas, even if it’s generated by renewables

The Independent UK

Britain has enough gas, network says amid warnings stores are low

National Gas said Britain is ‘well placed’ to respond to winter demand.

Evening Standard

US jobs data sparks Wall Street sell-off while pound slump continues

Global stock markets were in the red on Friday as investors reacted to stronger-than-expected labour market data from the world’s largest economy.

Evening Standard

Why are UK gas stores lower than usual, and how is the overall supply looking?

Amid concerns over stored gas capacity during the latest cold snap, the PA news agency explains why we are not running out of gas.

Evening Standard

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Is the UK really running out of gas?

The majority of Britain’s gas is either produced in the North Sea or imported

The Independent UK

UK Gas Reserves 'Concerningly Low', Warns Biggest Supplier

Britain's biggest gas supplier on Friday said UK storage levels are "concerningly low" owing to high demand caused by freezing weather and after Ukraine ended Russian gas transit to Europe.

International Business Times

'Outlier' UK has 'concerningly low' gas levels amid winter freeze, energy giant warns

THE UK’s gas stores have fallen to “concerningly low” levels amid freezing cold temperatures, the owner of British Gas has said ...

The National (Scotland)

UK Gas Reserves 'Concerningly Low': British Gas

Britain's biggest gas supplier said Friday UK storage levels are "concerningly low" due to high demand caused by freezing weather.

International Business Times

No 10 insists UK has sufficient energy supply despite ‘concerningly low’ gas storage levels

Centrica says its inventories have fallen by half since early November amid winter cold snap

The Guardian - UK

UK gas storage at concerningly low levels, says Centrica

The company, which owns energy supplier British Gas, said the UK now has less than a week’s worth of demand for gas in store.

The Independent UK

UK gas reserves plunge to ‘concerning’ low with just a week of supply left

Centrica said the UK now has less than a week’s worth of demand for gas in store

Evening Standard

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The Independent UK

Britain’s gas storage levels ‘concerningly low’ after extreme cold, says British Gas owner

Centrica said the UK ‘has less than a week of gas demand in store’

The Guardian - UK

‘Astonishing and appalling’: British Gas battles customer anger over energy bill struggles

Complaints ratio for Britain’s biggest energy supplier is almost three times higher than its rival Octopus Energy

Evening Standard

FTSE 100 rises despite retailers’ Boxing Day woes and US sell-off

Retailers including Next saw shares fall but it was not enough to push London’s blue-chip index into the red.

The Guardian - UK

British Gas owner hands investors £300m as customers face soaring bills

Campaigners criticise Centrica, saying it has made more than £7bn in profits since start of energy bills crisis

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The National (Scotland)

Scotland's last nuclear power station to stay open beyond planned closure

Four of the UK's five nuclear power stations will stay open longer than previously planned, their operator has said ...

Evening Standard

Four of UK’s five nuclear power stations to be extended beyond planned closure

Operator EDF said it would keep the sites open for longer to help maintain electricity supply over the coming years.

Evening Standard

FTSE rises and oil prices rally as political instability stokes supply concerns

The UK’s top stock market index climbed 46.52 points, or 0.56%, to close at 8,359.41 on Tuesday.

Evening Standard

British Gas writes to older customers in benefit drive after winter fuel row

The power firm said it is encouraging customers to take up pension credit, which could make them eligible for Government winter fuel payments.

The Guardian - UK

EDF reportedly seeking up to £4bn from investors to finish Hinkley Point C

French energy firm reported to be in talks over potential investment to cover ballooning cost of nuclear project

The Independent UK

Labour urges energy firms to support awareness campaign for winter bills help

Energy consumers minister Miatta Fahnbulleh met executives from Centrica, EDF, E.On, Octopus Energy, Scottish Power, Ovo and others on Wednesday.

The Guardian - UK

Thames Water asks to raise bills by £228 a year as regulators’ plan ‘not deliverable’ – as it happened

Live coverage of business, economics and financial markets as water company for southeast England says proposed cuts plan ‘is not tenable and renders our plan uninvestible’

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