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The Latest Breaking News from Chris OShea

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"

The National (Scotland)

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

The Guardian - UK

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

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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

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

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.

International Business Times

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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 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

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

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 ...

The National (Scotland)

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

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.

Evening Standard

Is the British Gas boss really worth £8.2m?

The share price recovery has been partly driven by the surge in wholesale energy prices, which is beyond his control

The Guardian - UK

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The Guardian - UK

British Gas boss says all UK households should be forced to fit smart meters

Chris O’Shea, CEO of Centrica, says mandatory installation programme would cut cost of creating a smart grid

The Guardian - UK

The danger in saying yes to Pascal Soriot’s pay rise at AstraZeneca

Despite rebellion, approval of £18.7m package opens door to likelihood of US-style executive pay elsewhere

The Guardian - UK

British Gas owner doubles boss’s pay to £8m – despite qualms over previous rise

Details of Chris O’Shea’s ballooning package emerge in Centrica’s annual report after company reports bumper profits

The Guardian - UK

British Gas profits leap from £72m to £751m in a year

Unite union says UK energy supplier’s bumper results ‘come off the back of exorbitant energy bills’

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The Guardian - UK

Boss of British Gas owner says it is ‘impossible to justify’ his £4.5m pay

Centrica’s Chris O’Shea says no point trying to when millions of customers are struggling to pay energy bills

The National (Scotland)

Almost 5000 excess winter deaths caused by cold homes last year, MPs warned

Almost 5000 excess winter deaths were caused by cold homes last year, a charity has warned MPs.

Evening Standard

Warning of fresh winter spike in energy prices as gas costs climb

Ofgem’s next price cap announcement will come in August

The Independent UK

Revealed: ‘Big Six’ energy firm bosses paid enough in 2022 to power 23,000 homes for a year

Exclusive: Board members and other top executives at major gas and electric companies received nearly £60m in salaries and bonuses last year

The Guardian - UK

Home energy bills likely to remain high, says British Gas owner

Centrica CEO warns against complacency as gas prices remain more than double level seen before Ukraine invasion

The Guardian - UK

Centrica’s supine shareholders should look further than the share price

Russian invasion of Ukraine meant it was easy for Centrica to greatly exceed financial targets, so does the CEO deserve his vast bonus?

The Guardian - UK

Boss of British Gas owner avoids revolt over £4.5m pay packet

Centrica chief Chris O’Shea’s remuneration backed by 93% of shareholders at AGM despite union outcry

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