Centrica in legal challenge to energy price cap - BBC News

Dec 20, 2018 · Centrica in legal challenge to energy price cap. Published. 20 December 2018. Share. close panel. Share page. Copy link. About sharing. Image source, Centrica. British Gas owner Centrica is to ...

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Is Centrica the UK's biggest energy retailer?

Centrica is Britain’s biggest energy retailer to households, but also has a sizeable North Sea oil and gas production arm and owns a 20 per cent stake in the UK’s existing nuclear power plants. It expects post-tax profits to more than double to about £600mn this year as it benefits from soaring energy prices. ...

Will Centrica Challenge UK tax on North Sea oil & gas?

Scott Wheway, Centrica’s chair, was asked by shareholders at the company’s annual general meeting in Leicester if he would challenge the decision by the UK government to impose a 25 per cent tax on North Sea oil and gas. ...

Will Centrica appeal a 'bulb V Ofgem' verdict?

Centrica is now mulling over whether to appeal the verdict, confirming thatit will “review the judgement carefully and consider our options.” Bulb collapsed in 2021 when wholesale prices spiked above Ofgem’s energy price cap – forcing it to sell energy at a loss, with the company exposed by a lack of hedging. ...

Why does Centrica want to invest £2bn in the Rough facility?

Centrica wants to invest £2bn in the Rough facility, so it can use it to store more gas, then hydrogen as the UK starts to burn less natural gas to meet green targets. It has been pushing the government to say hydrogen will be part of the UK energy mix in the future to justify that investment. ...

Would Centrica have lost a legal challenge over octopus?

British Gas owner Centrica would still have lost its legal challenge over Octopus Energy’s takeover of fallen rival Bulb if it had submitted arguments on time, court documents show. The energy giant teamed up with EON UK and Scottish Power to push for a judicial review, challenging the government’s decision making processes. ...

Does Centrica own a nuclear power plant?

Centrica has a sizeable North Sea oil and gas production arm and owns a 20% stake in the UK’s existing nuclear power plants © Bloomberg Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ...