Centrica Share Discussion Threads

[babbler] 24/7/2020 08:08

The transaction provides Centrica with an opportunity to realise significant value for our shareholders at an attractive valuation. This disposal is aligned to our strategy to become a simpler, leaner business and in addition it will materially strengthen our balance sheet and remove a source of earnings volatility from the Group. Combined with our focus on completing our intended exits from Spirit Energy and Nuclear at the appropriate time, this is expected to lead to a more predictable and high-quality earnings stream moving forward

[bigbigdave] 24/7/2020 08:07

wow up 38%!

[hodhasharon] 24/7/2020 08:06

Jeez indeed

[american idiot] 24/7/2020 08:01

Wrong Nemisis lol

[penciles2] 24/7/2020 07:57

Up or down today

[wigwammer] 24/7/2020 07:57

So £2.2bn current market cap. £1.6bn ebitda. Little net debt. You don't need a PHD..

[wigwammer] 24/7/2020 07:52

"No words of comfort for long suffering shareholders." ???? .. they have just nearly wiped out their net debt by selling a business making just 20-25% of group EBITDA

[value hound] 24/7/2020 07:43

Agreed sale of Direct Energy in US for the equivalent of almost 49pps though.

[alfred] 24/7/2020 07:42

No words of comfort for long suffering shareholders. They got into trouble through treating their customers with dismissive contempt. Shareholders getting the same treatment.

[micos] 24/7/2020 07:33

No interim dividend

[portside1] 23/7/2020 21:09

Global warming is not man made , it is fact that the earth is on its flip ,it happens ever 10.000 years ,

[nemesis6] 23/7/2020 09:57

reading between the lines tomorrow will be painful...i think ive made my decision

[action] 23/7/2020 08:25

If there is no gas boiler from 2025 to be installed in houses what will be the future of BRITISH GAS.? unless they diversify in installation of heat pump etc? as far as I can see no future or at most very dark one for that matter.

[careful] 22/7/2020 13:37

Charging a struggling company like Centrica green levy to subsidise competitors that will destroy it is sick.

I suspect the motives of many hiding behind the pretence of saving the planet.

[careful] 22/7/2020 13:33

Hard to be optimistic here.
I reduced my large holding at a loss last year.
It was painful but the price I sold at makes me look smart today.

Never any good news with this company.

A big turnover not enough to keep the employees in a manner to which they have been accustomed.
Conn did very well for himself when he was in charge.

Government seem determined to destroy this company, can't work out whether it is incompetence or corruption.

This weeks upcoming results fill me with dread.

[nemesis6] 22/7/2020 10:56

oh god...do i bail before friday? or not a real toughie...any thoughts? or is it a wheel spin job?

[florenceorbis] 22/7/2020 08:33

No new conventional gas boilers in homes after 2025
22 July 2020

A new Heat Commission convened by the CBI and University of Birmingham - with leading industry figures - has called on the Government to ban the installation of conventional gas boilers in homes from 2025.

Heat is the largest single source of UK carbon emissions, accounting for over one-third. Half of this comes from domestic buildings, the majority of which are heated by natural gas boilers.

Net Zero: The Road to Low-Carbon Heat also recommends that substantial acceleration in decarbonising heat in buildings and industrial processes is needed. The Commission proposes that the Government focuses on rapidly stimulating business investment in new technologies and phasing out all fossil fuel heating systems by 2050.

As the UK grapples with the twin challenges of recovering from the pandemic and accelerating progress towards the UK’s net-zero target, the Commission’s new report outlines a series of practical recommendations to decarbonise heat, improve energy efficiency and promote transition to low carbon technologies, while delivering overall benefits to the whole economy.

The full report is available at:

CBI President and Heat Commission Chair, Lord Karan Bilimoria, said:

“A green recovery and progress towards the UK’s net-zero emission target are doomed to fail if we don’t address the urgent need to decarbonise the heat in our homes and buildings.

“Recent Government announcements will undoubtedly fast-forward our transition towards net-zero. The Commission’s recommendations offer a roadmap to accelerate progress, ensure our nation stays on a path to sustainable recovery and ensures the UK remains a global leader in meeting climate commitments.

“Aside from the moral imperative, there’s also a strong economic case for protecting our planet. Large scale heat decarbonisation and energy efficiency would provide a huge jobs boost for the economy at a time when new career opportunities are needed more than ever.”

Key Commission recommendations include:

From 2025, conventional natural gas boilers should no longer be installed in people’s homes, with alternatives such as heat pumps, hybrid systems, and hydrogen-ready boilers being installed instead (1).
To ensure the UK is on track to meet net-zero emissions by 2050, all new heating installations will need to be zero-carbon by 2035, by then only net-zero compatible technologies like air source or ground source heat pumps, hydrogen boilers or heat networks should be deployed.
Prioritising energy efficiency to prepare for the roll-out of a nationwide heat infrastructure upgrade that will support new jobs and skills opportunities.
A national energy efficiency programme is needed to successful deliver low-carbon heat. This will build on the welcome funding announced by the Chancellor this month through the Green Homes Grant and help create new jobs and training opportunities in the wake of the crisis.
Establish a time-limited ‘Olympics-style’ national delivery body to lead the development and implementation of a national heat decarbonisation strategy, which can be delivered by relevant government departments and co-ordinates at both a regional and local level.
Priorities include decarbonising transport and industrial emissions reduction, decentralising electricity supplies and support local energy plans devised by local authorities.

Professor Martin Freer, University of Birmingham, said:

"Delivering decarbonisation of heating is the biggest energy challenge we face in getting to net-zero. Unlike electricity, which can be changed at a systems level, it requires over 20 million households to adopt new energy efficiency measures and new ways of generating heat.

“There is not a single technology choice and the scale-up required in skills, manufacturing, distribution infrastructure and consumer engagement is huge. The level of coordination to deliver this needs to reach from the regional to national, with appropriate resource being devolved to the local level to be successful. The level of complexity and the urgency for change means the transition cannot be left to chance and a national delivery body is essential."



Notes to Editors

Full report:

(1) On Estimated Costs

Cost predictions are falling fast and current suggestions from industry indicate that a hydrogen-ready boiler could cost an extra £50-100 for the consumer, when compared to the equivalent natural gas boiler in the early years of the roll-out. Due to the rapid development of this new technology, it is understandable that specific costs have not yet been finalised by industry. As more people adopt the technology, the cost is expected to reduce to the same as a natural gas boiler.

[careful] 21/7/2020 08:06

Watched the documentary on ENRON last night.
Not reassuring for a Centrica investor.

Deliberate shutdowns of power plants in California (maintenance) to keep the price up and create shortages.
Deregulation, what a racket is the energy industry.
With the benefits of hindsight I would never have touched this.

How are the CNA nuclear power plants operating?

[optomistic] 20/7/2020 17:48

Ariane...please don't get tooo excited.

[diohohku] 20/7/2020 15:42

Where diku wonder if he buy no heard