British Gas owner sees supply arm hitting targets two years early

Centrica said its retail supply and optimisation businesses would hit their ‘medium-term sustainable adjusted operating profit’ range in 2024

The energy giant, which is holding its annual general meeting on Wednesday, cheered a “more normalised external environment” as energy markets recover after the crisis and price shock caused by Russia’s war with Ukraine. Its British Gas services and solutions business is also forecast to see an improved financial performance this year, as it recovers towards a sustainable earnings goal of between £100 million and £200 million, according to the group.

Mr O’Shea said earlier this year there was “no point” trying to justify his salary, which sparked controversy as households across the UK suffered amid painfully high energy bills.

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