Scottish Gas owner Centrica, has seen its annual profits soar to a record high of £3.3 billion for 2022 amid rocketing energy prices 📈
SCOTTISH Gas owner Centrica, has seen its annual profits soar to a record high of £3.3 billion for 2022 amid rocketing energy prices that have sparked a cost-of-living crisis.
The energy regulator Ofgem earlier this month launched a probe following use of debt collectors by Centrica firm British Gas to enforce court warrants over the installation of payment meters. Ofgem said on Wednesday that a forced installation of energy prepayment meters only extends until the end of March.
There has been past controversy over record profits posted by energy firms BP and Shell while many struggle to make ends meet in the cost of living crisis. The price of Brent crude oil reached nearly $128 a barrel, but has since fallen back. Gas prices also rose but have come down from their highs. "Life costs a lot more when you're disabled. We're being inundated with heart-breaking calls from disabled people who haven't eaten for days, who can't afford energy to charge wheelchairs and stairlifts, but are still racking up huge energy debts."
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