Centrica strikes £7bn LNG deal
Centrica has signed a £7 billion deal with the US LNG infrastructure firm Delfin to buy liquefied natural gas (LNG) from 2026. The agreement will allow Britain’s largest energy supplier to purchase one...
View ArticleBritish Gas and Octopus Energy ‘back energy bill freeze for two years’
Two of the biggest energy suppliers, British Gas and Octopus Energy reportedly support the idea to freeze customers’ energy bills for two years. It had been previously reported that the idea, pitched...
View ArticleWill Centrica’s Rough ‘open in two weeks’?
Centrica‘s Rough storage facility will reportedly open its reservoirs to start storing gas in two weeks. The gas storage reservoir, which is located off the east coast of England, nearly 2.7 kilometers...
View ArticleBritish Gas vows to donate millions of its profits to customers
British Gas is to donate 10% of its profits to support customers struggling with soaring energy bills. The money will go to the British Gas Energy Support Fund to provide grants to customers. Thousands...
View ArticleReopening of Rough storage gets the all-clear
Centrica has received all the required regulatory approvals to start gas storage operations at its Rough site off the east coast of England, nearly 2.7 kilometers below the seabed. Last night, Business...
View ArticleEV sales accelerate
August saw strong growth in electric vehicle (EV) sales across the UK. The latest figures from the Society of Motor Manufacturers and Traders (SMMT) show that battery electric vehicle (BEV) uptake...
View ArticleCentrica seeking to meet “collateral demands” from high energy prices
Centrica is reportedly in discussions with banks to secure billions of pounds in extra credit to meet “collateral demands” as a result of the volatility in the energy market. That’s according to the...
View ArticleCentrica plans to cap profits to lower energy bills
British Gas owner Centrica is reportedly considering joining a voluntary scheme that would see profits being capped. This follows ministers’ plans to renegotiate existing contracts with wind, solar and...
View ArticleEnergy companies allegedly reject taking on new customers
People wanting to switch to another energy supplier are being deterred from doing so by some of the largest firms. Customers trying to get a quote from companies including British Gas, E.ON,...
View ArticleUK EVs hit one-millionth registration milestone
Britain saw its millionth plug-in electric car registered last month. The latest report by the Society of Motor Manufacturers and Traders (SMMT) suggests electric vehicle (EV) uptake continued to rise...
View ArticleBritish Gas puts forward heat pump offer
British Gas has announced it will start offering heat pump installations for £4,999 to help more of its customers to lower their emissions. The UK’s largest energy supplier has already installed 1,500...
View ArticleUK launches ‘first’ injection of hydrogen into gas-fired power station
Hydrogen will be fed into a UK gas-fired power station for the first time in a joint venture pilot backed by Centrica. Centrica Business Solutions will start injecting hydrogen into its existing gas...
View ArticleRough reopens amid winter blackout fears
The UK’s largest gas storage site has been brought back on line as experts warn that this winter could be one of the toughest for years. Centrica has today confirmed that reopened Rough, which is now...
View ArticleUK has nine days of gas storage, warns Centrica
The owner of the UK’s largest energy supplier has warned the UK has some of the lowest gas storage levels in Europe. Experts had previously said that Britons might face power cuts if there is a gas...
View Article‘Climate change drops to the fourth most important issue facing the country’
Climate change has been ranked as the fourth most important issue facing the country, after cost of living, the economy and the NHS. This is according to the first UK net zero index released by British...
View ArticleBritish Gas owner expects higher than expected annual profit
Centrica has today announced it expects annual profit to come in at the top end of forecasts. The announcement follows National Grid’s report on its half-year financial results, suggesting that its...
View ArticleHigh Court delays Bulb sale to Octopus as rivals raise concerns
Bulb’s takeover by Octopus has been delayed after other energy suppliers claimed the deal could be “unlawful”. A few weeks ago, the government announced that Octopus would take on 1.5 million customers...
View ArticleCrisis triggers social media backlash against energy suppliers
Energy companies fail to respond to “considerable volumes” of online complaints made by vulnerable customers. That’s according to new research by social analytics business, DataEQ, which worked with...
View ArticleOfgem: Energy firms failing vulnerable customers
Energy suppliers have been failing vulnerable customers amid the energy and cost of living crisis. That’s one of the key findings of Ofgem’s investigation, which found that Good Energy, Outfox, So...
View ArticleOfgem’s market reform proposals criticised by British Gas owner
Ofgem has come under fire for its proposal to only “closely” monitor how energy suppliers use their customers’ credit balances. This is part of a package of market reforms proposed by the energy...
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