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#centrica — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #centrica, aggregated by home.social.

  1. British Gas Owner Centrica Reports Lower Profits Amidst Warmer Weather and Shifting Tariffs

    Centrica, owner of British Gas, saw profits drop to £814 million in 2023 because of warmer weather and customers choosing cheaper fixed energy tariffs. See how this affects you.

    #BritishGasProfits, #Centrica, #EnergyMarket, #WarmerWeather, #FixedTariffs

    newsletter.tf/centrica-british

  2. British Gas Owner Centrica Reports Lower Profits Amidst Warmer Weather and Shifting Tariffs

    Centrica, owner of British Gas, saw profits drop to £814 million in 2023 because of warmer weather and customers choosing cheaper fixed energy tariffs. See how this affects you.

    #BritishGasProfits, #Centrica, #EnergyMarket, #WarmerWeather, #FixedTariffs

    newsletter.tf/centrica-british

  3. Windows smashed at ecocide office building
    from This is Not a Drill

    This morning [17th of March], a group of activists in Cambridge broke the windows and spray painted the office building at 50 – 60 Station Road near the rail station. They sent us this explanation.

    Why did we choose this anonymous-
    freedomnews.org.uk/2023/03/18/
    #amazon #Centrica #CHARLESRIVERASSOCIATES #EarthFirst! #EVERSHEDSSUTHERLAND #SIMMONS #STANTEC #StopEACOP

  4. 🔥 #BritishGas sees its profits for 2023 increase 10-fold to £750m

    The supplier said the jump from £72m in 2022 was due to regulator #Ofgem allowing it to recover losses of £500m it racked up in the aftermath of #Russia's invasion of #Ukraine

    While #oil and #gas firms made record profits when #energy prices spiked, suppliers that took on the customers of bust retailers made hefty losses

    #Centrica, #BritishGas's parent company, said its profits fell 17% to £2.8bn

    bbc.co.uk/news/business-683036 #News

  5. Normal Island News

    #BritishGas thrilled to announce they have made a killing
    In this case, it was quite literally!
    British Gas has reported an 889% increase in #profits in the first half of the year, racking up a sensational £969 million! In contrast, British Gas only made £98 million at this point last year. British Gas owner, #Centrica saw profits rise by a whopping 1,900% to £1.4 billion and Shell made £3.9 billion in just three months.

    open.substack.com/pub/normalis

    #NormalIslandNews

  6. Here's someone who doesn't need to worry about the #costoflivingcrisis:

    The CEO of #Centrica, who own #BritishGas has just been paid £4.5mn for a year's work.... work, which you will recall has involved plunging a large part of the country into #fuelpoverty.

    The vast majority of #shareholders were happy with his pay deal, demonstrating, that the world of #financialservices operates at one remove from the rest of the country.

  7. Why is Covid still allowed as an excuse for understaffing? It has been 3 years!

    #BritishGas just 5 months ago announced profits of £72M and #Centrica, the parent company, made a record £3.3B in profits.

    Bloody capitalists.

  8. In today's #TotallyUnsurprisingNews, #Centrica boss & owner of #BritishGas receives an extra £1.4m #bonus on top of his £780K #salary and £2.3m annual share bonus--obviously for all his great contributions & hard work.

    Nobody more deserving than the top brass of #energy companies, amirite? ⛽ :blobcat_thisisfine:

    news.sky.com/story/centrica-bo

  9. As we mark a year of the #Russia #Invasion of #Ukraine ...

    A reminder that #BP #Shell #Centrica and The Tory Party are ALL STILL taking Putin's Rubles.

    (Art by the Award-Winning Ben Jennings)

  10. CW: UKpol corporate greed

    Profits like this would be immoral in boom-time. We are not in boom-time. Excessive profit off the back of public misery and environmental damage is criminal. How much longer will people put up with this?

    theguardian.com/business/2023/

    #centrica #ukpolitics #climate

  11. Centrica profit triples to 3.3 billion, a record high because of soaring energy prices, “paving the way for a 300 million pound share buy-back, sending the company's shares to their highest level in almost four years”. Meanwhile, these companies and their governments say there’s not enough money to invest in green transition.

    #nationalise #Centrica #BritishGas #profiteering

    reuters.com/business/energy/ce

  12. CW: 💡 British Gas owner sees profits triple to £3.3bn as energy prices soar

    💡 British Gas owner Centrica reports record profits of £3.3 billion last year as millions of households across the UK struggled to afford to heat their homes

    #uk #news #energy #BritishGas #Centrica #CostOfLiving

    nationalworld.com/news/uk/brit

  13. This is immoral and inhumane but it can only happen under a #tory government. I only blame the people who voted them in. #BritishGas owner #Centrica sees profits soar as energy bills rise bbc.co.uk/news/business-646521 #rishisunak #jeremyhunt

  14. Looks like #Centrica (owner of #BritishGass) will confirm massively increased profits from last year... given these stem from the rise in wholesale price(s) not anything Centrica has actually done (other than control gas supply), this should be the rightful target for #windfalltaxes... these are essentially monopoly 'super profits'!

    However, I won't be holding my breath! #RishiSunakPM is in their pocket!

  15. #Centrica & UK Govt. have failed to agree terms for continued operation of the (partly re-opened) Rough gas storage facility, with the Govt. claiming Centrica (whose record profits have recently been in the news) were 'too greedy", while the firm says the Govt. has walked away because once gas prices & weather eased there was no need for storage right now..

    More short-termism from the #Tories ahead of the next #energuycrisis?

    Neither party is really trustworthy, so who know what's going on!

  16. @ChrisMayLA6 Prepay meters *could* be a way to help hard-up people budget. BUT they should be offered not compelled and the offer made attractive by a hefty discount on the standard tariff rather than a surcharge as at present. Customers get help with their budgeting and suppliers have fewer bad headlines and legal cases. #Centrica

  17. The 'horror' expressed by #GrantShapps & the CEO of #Centrica, that people operating on their behalf are breaking into homes to install #prepaymeters is just yet more declaratory politics...

    Of course they knew this was happening, but no doubt it was so masked in business gobbledygook that they were able to practice plausible deniability until a reporter (from the Times) went undercover & joined a crew doing the work...

    There is no defence for their claimed 'ignorance' of what was being done!

  18. This story is horrifying, but realistically is anyone actually surprised that #BritishGas have broken into the homes of vulnerable people to fit #PrePayment meters? It takes evidence from journalists to make #Centrica act rather than listening to its customers.

    bbc.co.uk/news/business-644912

  19. Are you unsure about the arguments that #BritishGas' owner #Centrica is profiting from the #energycrisis & is maintaining higher (wholesale) prices, using a narrative of 'market pressures' to sustain its profits...

    just a leftie conspiracy huh?

    Well here's a little bit of data for you:
    despite(!!) #windfalltaxes, Centrica's profits went up almost EIGHTFOLD in 2022!!! ...

    Unsurprisingly its shares have also risen by over 25% during 2022....

    Sharholders are profiting on (y)our misery!

  20. British Gas owner Centrica's profits fell by almost half to £814 million in 2023, a big drop from £1.55 billion last year, mainly due to less heating use from warm weather.

    #BritishGasProfits, #Centrica, #EnergyMarket, #WarmerWeather, #FixedTariffs

    newsletter.tf/centrica-british

  21. British Gas owner Centrica's profits fell by almost half to £814 million in 2023, a big drop from £1.55 billion last year, mainly due to less heating use from warm weather.

    #BritishGasProfits, #Centrica, #EnergyMarket, #WarmerWeather, #FixedTariffs

    newsletter.tf/centrica-british

  22. Heat the Rich? Part six: British Gas/Centrica
    Freedom is republishing a series of six articles by Corporate Watch about the energy cartels. CW explains:

    Throughout this winter Corporate Watch has been taking a critical look at the top six UK energy
    freedomnews.org.uk/2022/12/23/
    #bigsixenergysuppliers #BritishGas #carbonoffsetting #Centrica #CentricaGroupplc. #CorporateWatch #CostofLivingCrisis #Fracking #greenwashing #pre-paymeters