Profits at British Gas' owner have reached record levels as energy prices soar, amid a furore over the company using debt collectors to force pre-payment meters on vulnerable customers
The company's full-year operating profits for 2022 reached £3.3 billion, more than three times higher than the £948 million posted the year before.Energy companies' earnings have leapt up amid higher wholesale prices driven by the war in Ukraine.
The scandal sparked an urgent inquiry by regulator Ofgem and has seen Centrica banned from force-fitting pre-payment meters. Some of Centrica's business is subject to a windfall tax on energy companies whose profits have soared in the crisis.
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Centrica profits hit record high of £3.3bn\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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