UK’s Centrica Expects Earnings Boost From Home Energy Supply
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2023-06-13 14:58
The UK’s biggest energy supplier, Centrica Plc, expects “significantly higher” earnings from its household business after regulatory changes

The UK’s biggest energy supplier, Centrica Plc, expects “significantly higher” earnings from its household business after regulatory changes allowed it reclaim some losses from selling at capped prices.

Full-year earnings per share are expected at about 24.7 pence, the top of a range estimated by analysts, the company said in a statement Tuesday ahead of its annual general meeting. The boost comes from a change to the UK’s price cap that allows companies to recoup some costs incurred in prior periods.

The company is due to report its interim results on July 27.

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