- Feb 17, 2023, 10:30 AM CST
Unlike generators which rely on gas to produce power, it has benefitted from higher electricity prices across wholesale markets.However, its consumer supplier business lost more than £200m during the same trading period, with EDF blaming the losses on the cost of buying energy for customers – which was higher than the prices set under the energy price cap.British Gas owner Centrica unveiled £3.
Overall, the UK business recorded an operating loss of almost £1bn once these factors were taken into account. That cost the group £7.3bn over the year – which essentially scrubbed out the £7.8bn it made from market price rises.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
British Gas owner Centrica sees profits soar to £2.8billion from £392mIt is the latest energy firm to announce a huge windfall
Source: nottslive - 🏆 96. / 52 Read more »
British Gas owner Centrica reveals profits of £2.8bn in 2022, up from £392mBritish Gas owner Centrica has reported huge profits for 2022, soaring to £2.8 billion from £392 million in 2021 🔴 Energy firms have seen record profits since oil and gas prices soared after Russia’s invasion of Ukraine Absolutely disgusting, the British public have paid over the odds for their energy. Profiteering and the Government should be taxing the backside out of those profits and giving it back to the customers. Fuel crisis my arse, profiteering 100% and this proves it. We don't want to freeze for cokehead Zelensky And yet the public fronting slice of the company makes £8 per customer. Yeah nice one chairman! creativeCakeSlicing Bonus
Source: i newspaper - 🏆 8. / 89 Read more »
British Gas owner Centrica sees profits soar as energy bills riseThe energy firm's profits surged after oil and gas prices jumped as a result of the war in Ukraine. We know it’s all planned … we know they own you .. it’s a controlled demolition to bring in Digital Currency.. not today Satan .. not today 😉 ScumMedia EnemyOfThePeople Agend2030 EpsteinBlackBook No shame! Tax payers $$$ being used to help people heat their homes and energy companies doing nothing but reaping the benefits. Leaches, parasites and the Conservatives allow it to happen, pro private sector Tories for you. Two tier system!
Source: BBCNews - 🏆 3. / 97 Read more »