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British Gas owner Centrica sees profits soar as energy bills riseon February 16, 2023 at 8:26 am

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The energy firm’s profits surged after oil and gas prices jumped as a result of the war in Ukraine.

vanImage source, Getty Images
By Michael Race
Business reporter, BBC News

British Gas owner Centrica has posted huge profits after energy prices soared last year.

Centrica’s full-year profits hit £3.3bn for 2022, more than triple the £948m it made the year before.

Energy firms have seen record earnings since oil and gas prices jumped following Russia’s invasion of Ukraine.

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