Centrica, the owner of British Gas, has announced that its CEO, Chris O’Shea, will receive bonuses totalling £3.7 million after the company achieved record profits in 2022.
MPs are set to question the executives of British Gas and Ofgem regarding the pre-payment scandal.
Next week, the executives of Centrica and Ofgem will be summoned to appear before MPs. This comes after British Gas was discovered to have been compelling vulnerable customers to use
British Gas owner Centrica made record profits last year as energy bills soar
In 2022, Centrica’s adjusted earnings per share rose significantly, increasing eight times to 34.9p from 4.1p in the previous year.
More gas and electricity suppliers could go bust because households are unable to pay their bills
The industry body warned that more electricity and gas suppliers may go bankrupt because of the rising number of households who are unable to pay their bills.
UK energy suppliers will end prepayment meter installation at vulnerable homes
After damaging reports about how prepayment meters were installed in the homes of vulnerable customers, all UK energy suppliers have pledged that they will stop installing them.
Energy regulator Ofgem orders halt to pre-pay meters being forcibly installed
After an investigation revealed that agents working for British Gas broke into the homes of vulnerable customers to install prepayment meters, the British energy regulator Ofgem ordered all suppliers to
£9bn in customers’ cash hoarded by energy companies
The cash pile exploded over the past year and reached its peak at November’s end when households were facing extreme financial pressure due to the cost of living crisis.
British Gas stops using warrants to force people into prepayment meters
The move is following allegations that third-party agents ignored the vulnerabilities of customers and broke into equipment to install it.
British Gas to pay households to cut teatime electricity use by 30%
The supplier will offer a trial program to its 3.8 Million smart meter customers in the next year.
British Gas to donate 10% of profits to ease energy pain for customers
British Gas will donate 10% of its profits in order to help customers deal with the “duration” of the energy crisis.
Zenova Group PLC (ZED.L) Admission to Trading on AIM, First Day of Dealings
Zenova Group PLC (“Zenova”, the “Company” or the “Group”), a provider of innovative fire safety and heat management technology and products, is pleased to announce the admission of its entire