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The Latest Breaking News from Chris OShea

Gas-fired power still looks a safe bet for Centrica in the renewables era

There will still be a need to have gas in the wings to keep the lights on, so the financials stack up on Severn plant purchase

The Guardian - UK

UK monitoring risk of food and fuel shortages ‘hour by hour’

IN FULL

The Independent UK

Centrica boss picks up £3.6m in bonuses and share awards despite profits plunge

British Gas owner Centrica handed chief executive Chris O’Shea a £1.4 million annual bonus and £2.2 million in long-term share awards for 2025.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

British Gas boss pockets £3.6m bonus despite company profits halving

Chris O’Shea’s total pay package for 2025 was £4.73 million

The Independent UK

British Gas profits plummet as customers switch to discounted deals

Warm weather also lessened the demand for central heating

The Independent UK

Energy giant Centrica announces £2.4m partnership with charity Multibank

The aim of the Multibank is to ease the cost-of-living pressure on families living in or facing poverty.

Evening Standard

Wake up Labour MPs: the price of electricity is a crisis for industry and growth

Centrica boss’s 2030 prediction is not controversial, but government’s strategy hardly adds up to one to prove him wrong

The Guardian - UK

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Report detailing risk to UK gas security was not one to bury on budget day

Facts in Neso’s stark assessment have been ignored for years – yet running out could be government-toppling event

The Guardian - UK

British Gas owner buys £1.5bn gas terminal in big bet on fossil fuel reliance

Deal for Europe’s biggest facility for LNG imports comes as overall UK gas demand fell sharply last year

The Guardian - UK

British Gas owner takes stake in Europe’s biggest LNG terminal in £1.5bn deal

Centrica and Energy Capital Partners have agreed to acquire the Isle of Grain terminal from current owner National Grid.

Evening Standard

Fears UK gas stockpile to drop for winter as British Gas owner plans sell-off

Centrica keen to stem losses from North Sea Rough storage after company profits halve

The Guardian - UK

Centrica calls for new customer ban on rival Octopus amid row over Ofgem rules

Centrica chief executive Chris O’Shea claimed that regulator Ofgem was not enforcing recent financial resilience rules.

Evening Standard

Time for some straight talking on the cost of clean energy. It isn’t a free lunch

UK ministers should update the public on the outlook for bills as the price of overhauling the system is adding up

The Guardian - UK

Centrica preparing to take 15% stake in Sizewell C nuclear plant, reports say

The investment would mean Centrica has about the same size stake in Sizewell C as EDF, the Financial Times reported.

Evening Standard

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Evening Standard

UK’s largest natural gas storage facility to shut down without government help

Centrica has said it remains in talks with ministers about Government cooperation to expand and revamp its Rough facility.

The Guardian - UK

British Gas owner suffers shareholder rebellion over CEO pay packet

Nearly 40% of Centrica investors vote against board’s pay plans as energy bill payers struggle with record debts

Evening Standard

Shareholders in British Gas owner Centrica rebel over top directors’ pay

Nearly 40% voted against the company’s executive pay deal, which saw boss Chris O’Shea get a £4.3 million package last year.

The National (Scotland)

Boss of major energy firm opposes Octopus zonal pricing push

THE boss of a major energy firm has criticised zonal pricing plans in the UK, branding the idea "superficially attractive"

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The Guardian - UK

British Gas to take on 90,000 customers of collapsed Rebel Energy

Ofgem makes decision over which firm inherits household and business customers of failed supplier

Evening Standard

Centrica hoping to strike Sizewell C investment deal, ‘if the returns are right’

Centrica boss Chris O’Shea said the group was in discussions over pumping cash into the new nuclear plant in Suffolk.

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.

The Independent UK

Is the UK really running out of gas?

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

International Business Times

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

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.

The Guardian - UK

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

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People

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Department for Energy Security

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Severn

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