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EXPLAINED: 11 | Vintage Vibes

Energy giant EDF's profits soar after hiking price of electricity

The update comes a day after British Gas owner Centrica saw profits to triple to around £3.3 billion for the past year

Wales Online

The energy sector isn’t ‘broken’, it’s cooking on gas – if you’re a profit-hungry shareholder

Under the current setup, delivering energy can only ever be incidental to the real business of reaping monster returns, says Mathew Lawrence, of the Common Wealth thinktank

The Guardian - UK

Sick pensioner hit with £1171 gas bill and forced to use funeral savings to pay

Widower Barry Seckerson, who suffers from numerous health issues, needs to use the heating to alleviate his symptoms.

Daily Record

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Widower, 82, raids his funeral savings to meet soaring energy bills as supplier's profits rocket

Barry, who has serious health problems, is furious that Centrica fat cat is in line for £1.6million bonus

Wales Online

'Greedy oil giants pocket benefits of Ukraine invasion while British families freeze'

'While Centrica made £100 a second, British Gas hired debt collectors who force-fitted pre-payment meters - it's clear we need a windfall tax to put people before greed'

Daily Mirror

British Gas customer, 82, forced to raid his funeral funds after energy bill quadruples

Barry Seckerson has been left struggling to afford his energy bills which have more than quadrupled over winter and says he has no choice but dip into his funeral savings

Daily Mirror

Anti-poverty campaigners rage as energy giants rake in cash

Anti-poverty campaigners are fuming after the parent of Britain’s biggest home energy supplier said earnings more than tripled last year as consumers struggled to pay soaring utility bills

The Independent UK

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Centrica boss urged to waive £1.6m bonus – but refuses to discuss it

‘Too early to have conversation’ abount bonus, says chief executive after record profits spark outrage

The Independent UK

Centrica boss defends profit spike despite fury from campaigners and politicians and claims of 'broken' energy market

Chris O'Shea says profits support push to net zero and ultimately lower bills

Insider UK

British Gas profits triple as Scots politicians make renewed call for 'proper' windfall tax

Centrica said its profits more than tripled from £948 million in 2021 to £3.3 billion in 2022.

Daily Record

'Obscene': British Gas owner sees profits TRIPLE amid pre-payment metre scandal

BRITISH Gas owner Centrica has seen its profits soar to more than £3 billion for 2022 amid rocketing energy prices that have sparked a…

The National (Scotland)

British Gas owners see profits more than treble amid cost of living crisis

Centrica's earnings haul for 2022 has stoked anger over a run of massive profits notched up in the sector and reinforced calls for greater windfall taxes

Chronicle Live

Centrica profits jump to more than £3bn

British Gas owner said it paid nearly £1bn in tax - but faces fierce criticism

Insider UK

FTSE 100 surges over 8,000 points before rising US producer prices dampen mood; British Gas owner Centrica’s profits triple – as it happened

UK share index has hit record levels this morning, before surprise jump in US producer price inflation hits stocks

The Guardian - UK

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The Independent UK

British Gas owner Centrica sees record profits of £3.3bn as energy bills rise

Centrica said it made operating profits of £72m at its British Gas retail division, British Gas Energy, but this was down 39 per cent on the year before

Evening Standard

British Gas owner Centrica sparks fury after posting record £3.3bn profit

Centrica, Britain’s biggest energy supplier, more than trebled its underlying profits

Wales Online

British Gas owner Centrica sees profits soar to £2.8billion from £948m

It is the latest energy firm to announce a huge windfall

Daily Mirror

British Gas owner sees profits TRIPLE to £3.3billion as energy bills soar

The eye-watering £3.3billion profit is triple the massive £948million the energy giant made the year before - and surpasses the previous highest ever yearly profit of £2.7billion in 2012

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The Guardian - UK

Centrica boss refuses to say if he will waive bonus after ‘obscene’ £3.3bn profit

Chris O’Shea urged to ‘look at his conscience’ amid cost of living crisis and prepayment meter scandal

Bristol Post

Bristol pub owner accuses energy company of ‘blatant profiteering' after £7K bill

He was initially handed the huge bill when his contract with British Gas came to an end

The Guardian - UK

Ofgem says ban on forced prepayment meters will end in six weeks

The prospect of a return to the practice in April may raise concerns among consumers facing large hikes in bills

The Guardian - UK

British Gas owner expected to reveal record profits of £3bn

Britain’s largest energy supplier only recently ended its much-criticised forced installation of prepayment meters

Daily Record

Funding cut to vital Glasgow homelessness service would be a disaster for vulnerable people

Record View says a preventable rise in rough sleeping would be a disgrace.

Daily Mirror

'Fatcats should not benefit from war profits while Brits struggle to pay bills'

'War profits should not be channelled into the wage packets of bosses already on huge money when householders and businesses are being fleeced in a broken energy market'

Daily Mirror

British Gas chief urged to reject massive £1.6m bonus as millions face huge energy bills

Chief executive Chris O’Shea is expected to be in line for the windfall on the back of a soaring profits at the energy giant, which is forecast to announce a £3billion haul this Thursday

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