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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs