British Gas owner Centrica said electricity demand among its UK business customers was down by around 15% in the second half of 2020. The company also warned it “remains cautious” about 2021, as tighter coronavirus restrictions in the UK and Ireland are expected to put “continued pressure” on business energy demand.
Current 14th Jan 2021 read more »
The owner of British Gas has said that its 2020 profits will be higher than expected as it cut costs at the energy supplier and enjoyed a strong performance from its trading business. Shares in Centrica rose about 3 per cent in morning trading despite a warning that it remained cautious about the outlook for this year because of the impact of tighter Covid-19 restrictions. Lockdowns have reduced energy demand from its business customers in 2020 and resulted in it carrying out less maintenance work in customers’ homes.
Times 14th Jan 2021 read more »