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The Latest Breaking News from Centrica

British Gas owner plans to cap profits to cut energy bills

Exclusive: Centrica chief tells the Guardian he is keen for it to sign up to new contracts with government on electricity generation

The Guardian - UK

Energy plan will ‘bring immediate relief’, but suppliers call for more action

Chris O’Shea, chief executive of British Gas owner Centrica, promised to continue donating 10% of profits to help vulnerable households.

The Independent UK

Power move: UK ministers eye big energy profits for tax raid

Drax in eye of storm as options considered including windfall tax to bring down household bills

The Guardian - UK

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Rough's return for gas storage gets go-ahead as steps are taken to ease energy crisis

Centrica granted approvals and consents by North Sea Transition Authority

Birmingham Post

'Thank God the energy regulators are in place - they've shown us how tough they are'

Governments of other countries have taken control of the energy companies and set a price for heating that means people have a chance of coping. But that breaks all the rules of economics as you can’t interfere with profits like that.

Daily Mirror

Who owns the major energy and water suppliers, and how much profit do they make?

Shell recently met its expectations despite profit slumping by a third

Evening Standard

British Gas: £25m poor handout versus profits of £20 billion since 1997

City Comment: The energy giant’s move to help poorer customers is welcome, but hardly solves the problem

Evening Standard

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Martin Lewis explains who is making 'big money' during energy crisis

Government responsible for policing profits rather than Ofgem, says Money Saving Expert

Wales Online

British Gas imposes 'windfall tax on itself' amid Tory inaction, SNP MP says

BRITISH Gas has pledged to donate 10 of its profits during the energy crisis to help people struggling with rising bills.

The National (Scotland)

British Gas to donate 10% of profits to struggling customers

Company’s owner, Centrica, says extra support will begin in autumn and last for the ‘duration of the energy crisis’

The Guardian - UK

Shielding Britain’s households from energy crisis ‘will cost more than £100bn’

Boss of ScottishPower puts price tag on industry plan to freeze bills for two years

The Guardian - UK

Wind farm industry expansion plotted for Port of Grimsby East

West Quay identified as next are to be invested in by GFDE after deal struck with ABP

Birmingham Post

Octopus Energy, British Gas, E.on and ScottishPower energy bills update

The price cap on energy bills might rise even more than previously thought

Liverpool Echo

Sturgeon to chair meeting with suppliers in bid to ease cost-of-energy crisis

Scottish Power, Ovo Energy, Centrica, Octopus Energy and E.on are among the companies that will attend

Insider UK

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Glasgow Live

British Gas and Octopus Energy delivers 'significant' plan to UK Government to freeze bills

The top energy companies are urging the UK Government to freeze gas and electricity bills before the end of the year, as millions of Brits face a torrid, cold winter.

The National (Scotland)

British Gas owner claims £56 million tax rebate from North Sea operations

THE owner of British Gas received a £56 million tax rebate on its operations in Scottish waters last year.

The Guardian - UK

Centrica and Octopus back plan to freeze UK energy bills for two years

‘Tariff deficit fund’ proposed by ScottishPower and Eon would involve banks putting cash into state-backed fund

Daily Mirror

British Gas boss banks £56MILLION tax rebate as Brits struggle in cost of living crisis

The Tory Government is facing mounting pressure to hit energy giants with a second windfall tax as Brits struggle to power their home during the energy crisis

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The Guardian - UK

UK energy bills ‘set to cost two months’ wages’, ministers warned

TUC calls for October energy price cap rise to be cancelled as chancellor tells firms to invest ‘extraordinary profits’

The Guardian - UK

What is a windfall tax and will it be extended to UK energy providers?

Explainer: Up to £4bn could be raised from levy on electricity generators, but ministers are rowing back on idea

The National (Scotland)

Chancellor set for crisis talks with energy companies as bills soar

ENERGY sector bosses are set to take part in crisis talks with Chancellor Nadhim Zahawi and Business Secretary Kwasi Kwarteng.

The Guardian - UK

UK’s energy crisis response could include winter power cuts

Cold weather and gas shortages could force rationing of electricity to some firms or even households

Daily Record

Scots councils to consider opening buildings as 'warm banks' for freezing residents this winter

A Sunday Mail investigation has revealed local authorities are already working on schemes over fears that rocketing energy bills will leave thousands unable to heat their homes.

Bristol Post

Good Morning Britain: Jack Monroe slams energy companies making record profits

British Gas owner Centrica and Shell have recorded billions in profits

The Guardian - UK

Friday briefing: How the summer of strikes just became a story about Labour party infighting

In today’s newsletter: As Keir Starmer fires a junior transport minister over a picket line visit, internal Labour machinations are drawing the spotlight from industrial action

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