Centrica Share Discussion Threads

[topnotch] 11/8/2020 14:09

Hmmmm, struggling around the 49.5p level - needs to punch through conclusively

[bookbroker] 09/8/2020 09:29

This company will be bought once they have completed tidying up the balance sheet, a sitting duck at these prices compared to the European giants!

[jeannettetigger] 07/8/2020 13:42

I have resigned myself with management skills and government interference, the share price is just going to stagnate or even go lower. I don't want to be pessimistic but there seems to be no end to this debacle.

[grupo guitarlumber] 07/8/2020 09:17

Energy bills: Millions set to see 'big savings' as price cap lowered

50 minutes ago



Energy bills will fall by an average of £84 in October for millions after the energy regulator lowered the price cap due to cheaper gas wholesale prices.

Ofgem has cut the default price cap to £1,042, its lowest level since the cap was introduced in January 2019.

The pre-payment meter cap will fall by an average of £95 to £1,070.

Ofgem said the changes would mean "big savings" for around 11 million households on default tariffs and four million on prepayment meters.

The regulator said the reduction was due to a sharp decrease in wholesale gas prices since the cap was last updated in February.

But it warned that the cap was likely to rise in April as wholesale prices have started to recover since hitting 20-year lows in the spring.
Shop around

"Millions of households, many of whom face financial hardship due to the Covid-19 crisis, will see big savings on their energy bills this winter when the level of the cap is reduced," said Jonathan Brearley, chief executive of Ofgem.

But he said people "can reduce their energy bills further by shopping around for a better deal".

Speaking to BBC Breakfast he advised: "Phone up your supplier and ask them to put you on the best deal they can offer.

"If you can go further and get into the market and switch supplier, that will get you an even better deal than the regulated tariff."

"This reduction in the price cap represents a much-needed financial boost for millions of households, at a time when many people are struggling due to the economic impact of Covid-19 and lockdown," said Ed Dodman, director of regulatory affairs at the Energy Ombudsman.

"Shopping around for a cheaper energy deal is still the best way to save money, particularly for customers on standard variable tariffs, but before switching to a new supplier it's a good idea to check out its customer service credentials.

He said review sites and other online tools give an idea of the quality of service on offer and can help people to make an informed decision when switching.
How to get the best energy deal


by Simon Read, personal finance reporter

The energy price cap limits the amount that anyone on a standard variable tariff or pre-payment meter pays for their heating and lighting.

It limits the price a supplier can charge customers per kWH of electricity and gas, not their total bill which will vary depending on how much energy they use.

But energy users can save hundreds by switching to a lower-priced fixed deal.

All suppliers have fixed-rate deals so the simplest way to save is to contact your existing supplier and asked to be moved to its lowest-priced fixed deal.

But you could probably save more by switching to a rival supplier.

It's simple to switch using an energy comparison site - all you'll need is your postcode, the name of your current supplier, and the name of your current tariff.

Citizens Advice has a useful guide to choosing the right tariff.

Ofgem also sets out the steps you should take to switch energy supplier and shop for a better deal.

More savings

"This price cap cut is effectively money off what are the most expensive tariffs in the market," said Richard Neudegg, head of regulation at comparison website Uswitch.com.

"Wholesale energy prices plunged in March following Covid-19 lockdown measures, but millions of households who are on standard variable tariffs have yet to see the impact on their energy bills."

He said the change in October represents a seven-month lag since the huge plunge in wholesale prices at the start of the lockdown - "an unavoidable fallout of the price cap system".

"This summer has seen energy deals at their cheapest since 2018, and millions are already benefiting from the lower wholesale prices," he pointed out.

"The news that Ofgem is dropping the price cap by £84 is good news at first glance, but there are more savings to be had if people switch to a fixed tariff now," said Stephen Murray, energy expert at Moneysupermarket.

"Our view on the price cap has always been clear: don't rely on the cap to reduce your bills.

"If you're on an expensive standard variable tariff and want to save hundreds of pounds on your annual bill, switch your energy supplier as soon as you can. It's simple to do and only takes minutes online."

Meanwhile, Ofgem has recommended that the price cap on household energy bills be kept in place beyond this year.

The energy regulator is required to give an annual assessment on the cap based on how competitive the energy market is.

It has recommended that the price cap should remain in place in 2021, as without it customers on default tariffs could be overcharged for their energy, it said.

[s2lowner] 07/8/2020 09:12

Ofgem announcement re price cap

[grupo guitarlumber] 07/8/2020 08:57

Upcoming events on CENTRICA PLC


August/20/2020 | 02:00pm Shareholders Meeting



LOOKS LIKE IT MIGHT WELL BOUNCE ALONG THE SUPPORT LINE AT 44.55p BY DAYS END

[pander45] 07/8/2020 08:56

You think so with all of this price cap interference? That's what is dragging it down today - more forced reductions in tariffs.

[bookbroker] 07/8/2020 08:52

Needs to get rid of all this baggage and focus purely on providing energy to households, the nuclear stake needs to be either written down to zero, and practically given away, ageing power stations that should be decommissioned asap, that can be someone else’s responsibility.

[bookbroker] 07/8/2020 08:50

Been that for over three years, but goes to show what a bloated, inefficient, bureaucratic business it was, operated for the benefit of a load of jobsworths. If they were paid half their salary in shares they would have done the business a favour, pulled their fingers out and departed, but staff are too bovine to realise that

[bookbroker] 07/8/2020 08:46

No worries, this is a turnaround story.

[swinsco] 07/8/2020 08:40

As expected, downward momentum building. Hopefully its target is reached quickly ( what ever that is) and a recovery can start. Great recovery play as long as the wider macro picture plays well.

[bookbroker] 06/8/2020 15:12

Wouldn’t say acting like a magnet, the market is down 1%, many stocks down 3% such as dollar earners, miners, oil, etc., the exception being Pearson.

[swinsco] 06/8/2020 14:15

I had, up until today, thought it was more a runaway gap but the share price has been acting like a magnet to it today. I'll happily take your reasoning though!

[bookbroker] 06/8/2020 14:15

Hochschild Mining at 160p to suggest another, are they like to fill, in that case a collapse in PM prices or nationalisation of say their Argentinian mine.

[bookbroker] 06/8/2020 14:12

Don’t think the gap really applies here unless that deal to sell Direct fails, the gap reflects the re-evaluation of the strengthening of the company’s balance sheet. That was a material transaction, fully appreciating that gaps to fill, but There are numerous gaps in many companies following the collapse in valuations during March and the subsequent rebound following the Fed. backstop. Look at BP., gap down around 250p to fill, as an example.

[swinsco] 06/8/2020 13:53

Mind the gap.

[action] 06/8/2020 13:42

Why this one going down again. Now there is no Conn on board. So no bad omen.

[jeannettetigger] 04/8/2020 12:59

The share price seems to be heading south possibly because there might be a chance of strike action, let's hope an agreement can be reached soon, fingers crossed.

[supermarky] 03/8/2020 11:37

Not at all. Just wanted to clarify my thoughts as i am not ramping or de ramping. Just a poor long term holder in a supposed defensive stallwart which paid a decent dividend. I originally invested in cna because of its boring but needed qualities!

[rpt_regal_petroleum_buy_now] 03/8/2020 09:11

Buy JKX - best buy at the moment in O+G sector.

Up yesterday against market trend, up again today 50,000 buy just landed.... Stock is tight.

11,000 boepd production|||pe 2.6 ||| price to book value 0.20 ||| Return on Capital. 14.4% ||| Return on Equity 12.3%. |||Operating Margin. 31%. |||book value £146m ( present MCap £30m!)||| earnings yield 125% |||book value per share 85p |||EV £19.9m |||debt free |||cash rich ||| Gas prices rising

[jeannettetigger] 03/8/2020 09:09

supermarky I apologise if i offended you with my reply.

[supermarky] 03/8/2020 08:36

I am just saying if the whole general market is in decline, centrica will probably follow, especially given the fact it is not exactly without its problems which have been evident for 6 or so years now. I genuinely hope however this shoots back up to 200 area very soon!

[jeannettetigger] 31/7/2020 18:19

supermarky is that just CNA or any other company?.