EnergyWatch

Acquisition helps make up for customer defections at Centrica

British energy major Centrica delivers unexpected gains on the bottom line despite decreased revenue and almost a quarter-million fewer customers.

Photo: BP

The UK's largest energy supplier Centrica made gains on the bottom line last year. The combination of a colder winter, increasing energy prices, and a cost-cutting program including 3,400 layoffs, helped secure the energy company positive development in the operating result from the previous year of 3.8 percent.

The operating result landed at GBP 1.5 billion (EUR 1.8 billion), according to the company's preliminary annual report, presented Thursday.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs