British Gas owner Centrica suffers 31% fall in underlying earnings to £447m for 2020 – as bosses blame pandemic and warmer weather for plunge
British Gas owner Centrica has reported a 31 per cent fall in underlying earnings to £447million for 2020 as its finances were hit by the pandemic and warmer weather.
From April 1, millions of customers with British Gas, EDF, E.ON, Npower and Scottish Power on standard variable tariffs can expect to pay almost £100 more each year.
This is after the regulator Ofgem increased the energy price cap by £96 to £1,138 a year, based on typical usage, and is the most that energy suppliers can charge.
British Gas owner Centrica has revealed a 31 per cent fall in underlying earnings to £447million
Earlier this week British Gas revealed it had ordered 2,000 Vauxhall Vivaro electric vans, in one of the biggest such upgrades by a UK company so far.
Centrica has vowed to make all of its vehicles electric by 2025, and British Gas said 3,000 of its 12,000-strong fleet will be all-electric after the vans are delivered.
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