BRITISH Gas’ owner has been slammed for announcing billions in profits as households suffer from rocketing energy bills. Centrica’s annual profits hit £3.3bn last year – more than…
BRITISH Gas' owner has been slammed for announcing billions in profits as households suffer from rocketing energy bills.1The firm's profits have been boosted by soaring wholesale gas prices after Russia's invasion of Ukraine.The energy giant announced profits of $40billion - which works out at nearly $110million a day.Chris O'Shea, group chief executive said: "Our performance in 2022 demonstrates the benefits of our balanced portfolio and our strong balance sheet.
"The energy crisis and cost of living pressures have created a challenging environment for customers and communities, but we have been able to provide much needed stability and support. "We invested £75m in supporting our energy customers in 2022, which was greater than the £8 post-tax profit per customer earned by British Gas Energy.
"Whilst customers may see some relief given recent easing of prices, it remains clear that some will continue to need help and we will do what we can to support them in the year ahead."
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