Bulb Energy takeover faces delays into new year, threatening customer energy supply
Scrutiny from British Gas, ScottishPower and E.ON is set to see Bulb's takeover by Octopus significantly delayed
Company
Centrica PLC
LON:CNA
Centrica plc is an integrated energy company operating predominately in United Kingdom and North America. In the United Kingdom, it operates three segments: upstream, downstream and storage.
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Bulb Energy takeover facing lengthy and expensive delay
Octopus Energy faces a long delay in its takeover of Bulb, after rivals sought a legal review of how its deal with the government was made
Energy suppliers told not to overcharge in direct debit payments
Energy suppliers have been told not to overcharge customers who are cutting down usage via direct debit
Energy companies' use of customer cash to be monitored but not ringfenced - Ofgem
British Gas boss Chris O’Shea said it "feels like an abdication of responsibility by a regulator not focusing on the right things"
Energy bills would have risen another 70% without cap says Ofgem
UK taxpayer potentially on the hook for £120bn as energy cap costs soar
British Gas owner Centrica basks in 'buy' notes after Autumn Statement
Citi upped its price target to 110p and welcomed the increased clarity following the chancellor’s statement
Bulb rescue cost soars to £6.5bn as sale process drags on
Cost of the bail-out is £200 per taxpayer in addition to £94 for other failed energy groups
SSE, Drax and British Gas owner Centrica to shrug off windfall tax - JPM
“Most importantly, in our view, will be details around any investment allowances that companies will receive to offset the levy"
British Gas owner Centrica risks tone deaf accusation with payout
Centrica announced plans to return £250mln to investors through its first share buyback since 2014
British Gas owner Centrica lifts guidance, plans buy-back but expects lower retail profits
In a trading update, the owner of British Gas said it would start a buy-back programme of up to 5% of its share capital
Households struggling to access energy bill vouchers says government
All households will receive £400 off their energy bills for following six months, with £66 off bills for November, and £67 for the following months to April
British Gas owner Centrica warns UK gas storage still falls short
Rough has become the UK's largest gas storage facility, despite only operating at 20%
British Gas owner Centrica upgraded as brokers see windfall tax cloud clearing
Citi reiterated a 'buy' rating and raised its price target for Centrica to 93p from 81p
British Gas owner Centrica reopens Rough gas facility, boosting UK's energy storage
Rough, which can store up to 30bn cubic feet of gas, is currently operating at 20% of its previous capacity, said Centrica, making it the UK’s largest gas storage facility
British Gas owner Centrica backs new plant run on hydrogen
A peaking plant at Centrica’s Brigg site in Lincolnshire will be used for the pilot
Ofgem to tell consumers to turn down the gas this winter
Ofgem’s advice is said to be targeted at helping households reduce fuel bills
UK energy price cap to jump 27% to £2,500 from tomorrow
All homes will also receive a £400 support package – taking the annual average bill down to £2,100 – with pensioners receiving a further £300 and those on benefits also getting financial aid
UK becomes net electricity exporter for first time in 12 years
Britain’s power generation jumped by 8.2% as domestic demand eased 5.5% lower
Energy price cap to come into effect this Saturday
Households will also receive a £400 discount on energy bills under the Energy Bills Support Scheme
Over 41% of UK electricity capacity comes from EU countries as Germany nationalises Uniper
Of the 75.8 gigawatts of electricity produced in the UK in 2020, Uniper's sites provided roughly 8.4% of that total