Operating profits of £3.308bn were recorded at the company, up from £948m in 2021, and surpassing the previous highest ever yearly profit of £2.7bn, posted in 2012.
Profit at the oil and gas producer has been helped high energy prices. Wholesale gas costs had risen to new highs in the wake of the war in Ukraine as supplies were limited due to Russia's war in Ukraine and the subsequent sanctions imposed on the country for its invasion. As political pressure rose to tackle all time high profits Centrica became subject to the 45% windfall tax on electricity generators.
British Gas came under intense criticism after an investigation revealed debt collectors working on behalf of the company
Why aren’t the government doing anything about it……… because it’s higher tax revenue and the same with the fuel prices. Who’s the mugs ?
But would do nothing if her party were in government. They're all the same.
Another overpaid MP mouthing platitudes and empty rhetoric. These types should never be voted for.
£72m was from British Gas. They paid £1bn is tax last year. There is proper competition in the domestic energy market as ofgem has anchored these companies.
She and her expenses are a total disgrace Why wasn't she prosecuted?
another mp acting like she cares!
It’s more than a disgrace, it’s criminal!!
In the US, Joe Biden implemented a 1% tax on corporate share buybacks and has called for it to be quadrupled. We need a 5% tax on share buybacks YvetteCooperMP
There shouldn’t be another price freeze… there should be a huge price cut!!
bills going up due to idiotic 'green' policies. why don't they talk about that?
My dad's gas bill went up 530% from last quarter
Scum should be free energy for the world & not a select few getting even more wealthier
TheUrbanMenace Not surprised scum the lot of em
Only on Planet Labour is making profit a “disgrace”. Get ready for economy destroying Marxism under Labour rule at this rate!
The problem too is now they are comfortable making this amount of money they will never return to 'normal' prices. It's the UK way!
Lip Service Blah blah blah blah..
They are taking the piss out of us
And so the rip off continues
A total disgrace... while wanting to do nothing about it
The fact that Centrica made a loss overall rather ruins the story.
Thanks Ofgem for 'protecting the consumer', as your website declares. Your lack of protection for consumers has forced so many into a deeper crisis and even death. You only acted against BritishGas forcing their way into 20k homes when exposed in the media EnoughIsEnough
So our bills more than double and they make triple the profits🤷♂️ It’s not rocket science and RishiSunak Jeremy_Hunt and ofgem are complicit in ripping off the public in a cost of living crisis What makes it worse is that the April rise is still going ahead absolute robbery
Seems to be a link between high bills and massive record breaking profits. Does this seem fair?
Chris O'Shea, Chief Executive Officer of Centrica, celebrating the news…
The sooner that basic needs and services are renationalised the better.
I honestly don't understand how this can be happening and everyone just wrings their hands and says we can't do anything. Why do we have a legal system if companies can openly break the law whenever they want? This is clearly profiteering. Some institution... do something!
Scum
As does our energy bills, hmmm 🤔
They done well out of war.
ofgem don't you dare let them put prices up again ! be on the side of consumers not the companies
Why doesn't everyone just stop paying? They can't turn majority of people off and they wouldn't take millions to court for unpaid bills
All them people who've had to shut down there buisness due to soaring prices, disgusting......
Next the electricity companies will be announcing crazy profits
Disgusting, market is broken. No competition/ prices fixed. ofgem CMAgovUK RishiSunak weak
Q a centrica executive being put up to spin this
Disgraceful
Not surprised, 90 percent of British gas is home sourced, nothing to do with Ukraine or Russia, they helped people freeze it starve, disgusting
Somebody tell me why(after the recent forced pre-payment meter fiasco) this isn’t classed as gross blatant profiteering.
This is awesome news!! This means energy bills will go down now right BritishGas centricaplc
Corporate greed
Wow my bill has tripled too how odd
Our energy bills tripled as profits tripled. Surely, there must be some connection.
It's time ofgem actually worked for the public and put these greedy businesses price cap down by 50%
We are being ripped off - but that’s privatisation for you
Refund.
I never liked Labour but these energy companies making record profits while people freeze in their homes has pushed me to a radical change. A new government might not be enough.
The ToryCriminals won't do anything about it, they normally let people keep their millions/billions in profits and pay very little tax ToryTaxEvasion
So when are these profits going to be trickled down to customers so we’re not being robbed with our bills!!
Finally - a good news story. I can easily see how hard working families will rejoice.
This is awesome news!!! This means that gas prices will go down now, right?
And we just sit here taking it in true British fashion. This county needs a new and different leadership, one that is for the people not for corporate greed!
They say wholesale prices have gone up and that's why our bills went up. If that's the case, their profits shouldn't have tripled!
You lot haven't a clue
Interesting, as our bills have also tripled while costs are lower than last year? 🤬 Anyone else absolutely f*cking fuming they're allowed to rip us off to make huge profits by this Tory Government (who get £millions in donations by same fuel companies)! ToriesOut CorruptTories
British gas ⛽️ You robbing bastards
🤢🤢🤢🤢🤢🤮🤮🤮🤮🤧
rich get richer the rest suffer with gas and electricity bills beyond everyone’s means, families suffering and businesses going to the wall. Don’t get why we taking this BS
How are we allowing this? The 10DowningStreet is tricking the public in to worrying about a couple of dingies of people crossing the channel while robbing every one of us. There are people in this country worrying if they can keep warm while this is going on. Criminal
Some good news ... GO Britain
We're just all masters of acceptance... BP, British Gas, Water companies, postal, etc, etc. We are all being played. But the clever thing about it is no one at the very top will stop it. The animal is created.
So there is no energy crisis.
And yet they keep blaming the war in Russia for the rising costs of energy…
Time to scrap the standing charge robbing bastards
I know of 10 people about to loose their homes
Ofgem are corrupt!
That's what happens when a Government backs profiteering.
Pushing people into poverty so that their shareholders can enjoy another holiday
Daylight Robbery.
Fucking nationalise There are old people dying cos they can't afford heating, and the parasites at the top of these companies are getting their 6th yaught
Absolutely disgusting.
They are ripping the public off, so are the fuel companies
Of course they have! They are creaming it off the customers. When pensioners are sat at home freezing because they are afraid of the cost, energy companies should be ashamed of themselves. britishgas robbers shameful profits
But I thought the extortionate gas prices were all Putin’s fault?
Disgraceful
NaeBull Obscene
Clearly the energy price cap was set way too high. Scandalous. Shameful. Sickening.
Govenment Net Zero policies pushes prices for gas higher.
S c u m b a g s
Greedy bastards when poor are freezing to death and frightened to put the heating on.! All corrupt
It seems like all these businesses could have made the decision to hold *profits* at last year's level and keep bills cheaper for the customer. Maybe that's not what the shareholders want but it would have been better for society as a whole.
And what?..... are we ment to be surprised by this.
That'll have Downing Street popping champagne corks.
No surprises their then. All the while there are those who are risking their health living in cold damp properties because they can't afford to heat their homes!
This is a joke... Shell and british gas make billions in profits, why people cant put lights on,heating on,feed kids, old people dying in cold We got a pm in rishi sunak sitting back as if this is normal behaviour Its morally wrong In human
And so the British madness of inflicting pain on itself continues…
Worth noting British Gas was sold at 135p a share by the Government in 1986 and price is lower than that now so overall it has been a win for the British public and not the shareholders.
Sickening
This is more great news in this shithole country!
Prices go up and profits triple oh my god I can't believe it
Government kick back? Anyone investigating?
Why mention a windfall tax in the article when you know the Tories put a loop hole in it so they can avoid paying it.
Appalling!
It’s amazing all these companies making billions of profit whilst we are paying through the roof for utility bills and petrol
I thought electricity was provided to the citizens at the “bare minimum price” they can. Huh
Now today children our History lesson is about Utility Companies in the 70's. Yes that's correct your Grandparents effectively owned them. I know and now their freezing in their own home because ........
That's disgusting. They put up prices forcing many to chose between food or heat and they have triple profits.
Surely if it cost more to deliver, and they put prices up to reflect that, the profits should stay the same?! 🤔
Blame the government not the gas companies. Government instruct the inflation then take their unfair share in taxes (extortion).
Oh well lots of companies make profits.
Price gouging works.
SKY NEWS IN SHOCK AS COMPANY DOING WELL MAKES PROFIT
Not a good look
LOCKDOWN AND REINTRODUCE FURLOUGH
Tory Brexiteers reapp profits while nationalising debts
Standard
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