Exclusive: Centrica chief tells the Guardian he is keen for it to sign up to new contracts with government on electricity generation

British Gas owner Centrica plans to voluntarily cap booming profits in an effort to cut household bills and defuse outrage over them, the Guardian can reveal.

The chief executive, Chris O’Shea, said he is keen for Centrica to become the “first company” to sign up to new, renegotiated contracts with the government on its electricity generation, amid controversy over windfall gains.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Coronavirus live news: US passes 90m vaccinations; UK daily deaths drop to 82

Norway should prepare for more restrictions, says PM; Italy records 207 deaths;…

Was the Viktor Bout exchange deal really a win for Moscow?

The Russian arms dealer is back in Moscow after the prisoner swap…

John Simm meets Tracy-Ann Oberman: ‘Without the audience, we’re just shouting in a room’

The actors and old friends talk about how theatre beats TV, the…

Who ordered the chicken spendaloo? Why curry prices are set to soar

Whether you’re eating in or taking away, you can expect to pay…