Centrica (CNA)

Sector:

Utilities

Index:

FTSE 100

133.70p
   
  • Change Today:
      2.30p
  • 52 Week High: 172.50p
  • 52 Week Low: 112.50p
  • Currency: UK Pounds
  • Shares Issued: 5,329m
  • Volume: 14,219,192
  • Market Cap: £7,125m
  • RiskGrade: 165

Ofgem launches review of British Gas prepayment meter installations

By Michele Maatouk

Date: Tuesday 21 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Ofgem said on Tuesday that it has launched an investigation into Centrica's British Gas after it emerged that their subcontractors were breaking into homes to fit prepayment meters.

The energy regulator said the review would be "comprehensive, independent and wide-ranging".

Ofgem said it will look into whether British Gas took steps to help customers with debt before forcibly installing meters. It will also investigate whether the mental and physical capacity of customers was assessed before a prepayment meter was forced on them.

It will also investigate whether the people fitting meters for British Gas had the necessary skills - including the ability to assess the mental capacity and psychological state of the customer on the doorstep - and was "fit and proper" to enter customers' homes.

The regulator's chief executive Jonathan Brearley told BBC Radio 4's Today programme: "Clearly something has gone wrong in British Gas and what we're announcing today is a comprehensive, independent, wide-ranging review into what has happened there."

A spokesman for British Gas said: "We only install pre-payment meters under warrant as a last resort after all other options have been exhausted. This takes many months where there are multiple efforts to engage with a customer and the majority of the time, we can find a solution such as access to our support funds or payment plans - we've helped over 650,000 customers with their energy bills in the past year."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Centrica Market Data

Currency UK Pounds
Share Price 133.70p
Change Today 2.30p
% Change 1.75 %
52 Week High 172.50p
52 Week Low 112.50p
Volume 14,219,192
Shares Issued 5,329m
Market Cap £7,125m
RiskGrade 165

Centrica Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.55% above the market average91.55% above the market average91.55% above the market average91.55% above the market average91.55% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Price Trend
43.86% above the market average43.86% above the market average43.86% above the market average43.86% above the market average43.86% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
61.45% above the market average61.45% above the market average61.45% above the market average61.45% above the market average61.45% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
60.43% above the market average60.43% above the market average60.43% above the market average60.43% above the market average60.43% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average

What The Brokers Say

Strong Buy 2
Buy 6
Neutral 6
Sell 1
Strong Sell 0
Total 15
buy
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Centrica Dividends

  Latest Previous
  Final Interim
Ex-Div 30-May-24 05-Oct-23
Paid 11-Jul-24 16-Nov-23
Amount 2.67p 1.33p

Trades for 26-Apr-2024

Time Volume / Share Price
16:51 71 @ 134.30p
16:39 2,128 @ 133.70p
16:39 1,485 @ 133.70p
16:38 9,603 @ 133.70p
16:38 5,397 @ 133.70p

Centrica Key Personnel

Chair Scott Wheway
CEO Chris O’Shea

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