EnergyWatch

Price cap squeezes major utility in H1

British energy giant Centrica expects a rough H1, as warmer weather and lower gas prices will impact earnings, the group informs.

British energy giant Centrica foresees a tough first half year, driven by the UK's price cap, warmer weather and lower prices on British natural gas, the utility informs, according to Reuters.

Centrica, whose holdings include British Gas, the UK's largest energy company, is thus far maintaining its annual guidance for 2019 in terms of operational cash flows and net debt development, however, it does expect a financial slap in this year's H1.

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