8 articles
The UK government acknowledges gas supply risks due to declining North Sea production and low storage, prompting calls for infrastructure intervention. Ministers face pressure to approve projects such
Centrica warns of closing its Rough gas storage facility without government backing, raising concerns over UK energy security and necessitating a strategic plan for 2030 supply.
Centrica plans to cut 1,300 call center roles over two years, citing customer preference for digital channels, while reporting increased retail profits despite declining customer numbers.
Centrica plans to cut 1,300 jobs after core profits dropped 18% due to market volatility and asset disposals. The company is focusing on LNG infrastructure while warning of stagnating growth in its en
EDF and Centrica will extend the operation of UK's Heysham 1 and Hartlepool nuclear plants to March 2030, adding 28 TWh of low-carbon capacity and supporting 1,000 jobs.
EDF and Centrica are nearing a deal with the UK government to extend Sizewell B nuclear plant operations by 20 years at approximately £70 per megawatt-hour, securing over £800 million in investment.
Centrica signed a 10-year natural gas supply deal with Canada's Peyto for 50,000 mmbtu/day starting in 2029, with pricing linked to the European TTF benchmark.
Centrica buys an 850MW Welsh gas plant for £370m, expecting high earnings and capacity payments despite renewable growth. This underscores the need for flexible gas generation to support intermittent
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