British Gas customers to receive up to £112m over prepayment meter scandal

Redress for force-fitting devices in homes of vulnerable includes £20m penalty and £70m of debt write-offs

The Guardian
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
British Gas owner pauses share buyback as profits plummet

Drop of almost 39% for Centrica comes after mild weather meant households used less gas and electricity

The Guardian
ScottishPower named worst energy supplier for customer service

Which? survey ranks many of Great Britain’s biggest suppliers near bottom, with British Gas and EDF Energy also scoring poorly

The Guardian
Energy firms complete UK’s first ‘hydrogen blending’ trial to power grid

A 2% blend of low-carbon gas injected into gas grid to fuel Brigg power station in North Lincolnshire is a UK first

The Guardian

Iain Conn considered for chairman role at IP Group

Iain Conn, former CEO of Centrica, is reportedly being considered as a candidate to replace Sir Douglas Flint as chairman of IP Group, a London-listed science investment firm. Conn, who left Centrica in 2020 after five years at the helm, has an extensive background, having spent a decade in senior r... [More info]

UK and US line up string of deals to build modular nuclear reactors in Britain

Agreements include plan to build 12 reactors in Hartlepool with Centrica, creating 2,500 jobs, and fast-tracking UK and US safety checks

The Guardian
EDF extends lifespan of two UK nuclear plants, securing 1,000 jobs for longer

Heysham 1 in Lancashire and Hartlepool in Teesside to continue operating until March 2028

The Guardian
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
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