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The Latest Breaking News from Chris OShea

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

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

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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

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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

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’

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 Guardian - UK

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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

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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

Daily Mirror

UK's richest fatcats get gigantic 40percent pay rise - SIX times the average salary

The Mirror analysed figures for all 60 FTSE 100 companies that have published annual reports this year. We looked at total packages for 120 bosses - of those, 54 earned more than last year and 49 made less

The Guardian - UK

The absurd arithmetic behind Centrica boss’s bonus

Last year Chris O’Shea spurned his annual bonus, this year he’s taking the full whack. What’s changed?

The Guardian - UK

Boss of British Gas owner sparks outrage with £4.5m pay packet

Chris O’Shea told to examine his conscience amid investigation into treatment of vulnerable customers

Evening Standard

Boss of British Gas owner sees pay increase fivefold to £4.5m

Chris O’Shea’s remuneration package rose significantly last year, partly because he had waived his right to a bonus the year before

Daily Mirror

British Gas refuses to admit prepayment meter failings leaving MPs 'astonished'

Energy companies faced a dramatic grilling by MPs following reports of debt collectors forcibly breaking into vulnerable customers' homes to fit prepayment meters

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