British Gas owner Centrica sees profits soar as energy bills rise

British Gas owner Centrica triples profits to £3.3billion amid a year of soaring energy prices

BRITISH Gas owner Centrica has tripled profits to £3.3billion amid a year of soaring energy prices. The record jump has outraged charities trying to help families facing £3,000-a-year bills from April. Centrica boss Chris O’Shea has already been forced to apologise after British Gas agents were revealed as forcibly installing pre-payment meters Scope’s Tom Marsland said: “It’s obscene that firms continue to make massive profits as disabled peopl…

Energy crisis: British Gas owner Centrica triples profits to £3.3bn

The energy giant Centrica, which owns British Gas, tripled its profits last year to more than £3 billion - despite the squeeze on consumers hit by soaring bills - with some vulnerable households forced onto prepayment metres.

British Gas Owner Centrica Sees Profits Triple in 2022 Amid Soaring Energy Prices

Energy firm Centrica, which owns British Gas, has seen its profits more than treble in 2022 amid soaring energy prices following the Russian invasion of Ukraine. The energy giant reported underlying operating profits of £3.3 billion ($4 billion), more than triple its £948 million profits for 2021. Stripping out its Spirit Energy businesses that were sold, underlying earnings for the group jumped to £2.8 billion from £392 million the previous yea…

Boss of British Gas owner refuses to say whether he will give up bonus

Refusal comes after company profits surged to record high

British Gas owner Centrica sees profits more than treble in 2022

The figures come amid a furore over Centrica’s use of debt collectors to install expensive pre-payment meters by force.

Centrica profits triple to $4 billion, powered by soaring energy prices

Britain's Centrica, the parent company of British Gas, reported a record profit of $4 billion on Thursday, sparking widespread anger because the bulk of it came from unearned windfall gains from soaring energy prices.