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British Gas owner Centrica profits increase five-fold to £1.34 billion as energy bills soar

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British Gas owner Centrica has seen operating profits increase five-fold to £1.34 billion as energy bills soar.

The company said its 2022 interim results showed profits in the six months to the end of June were a five-fold increase compared to the same period in 2021.

Group chief executive Chris O’Shea said Centrica would continue to support customers “through the most challenging energy crisis in living memory”.

He added: “We are very aware of the difficult environment many customers are facing and we will continue supporting them.

“We are investing in our customers and colleagues, creating at least 500 additional UK-based customer service roles in British Gas Energy and 1,000 new UK engineering apprenticeships, while through the British Gas Energy Support Fund we are providing grants to help customers pay their energy bills.

“We have a clear strategy to continue improving operational performance, to grow our business and to position ourselves to deliver net zero at a cost which helps the many, not the few.

“We are committed to investing in the energy transition which will improve the security of energy supply in our core markets.”

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