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CNA Centrica Plc

131.65
-1.65 (-1.24%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Centrica Plc LSE:CNA London Ordinary Share GB00B033F229 ORD 6 14/81P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.65 -1.24% 131.65 131.45 131.55 133.75 130.95 133.15 15,582,399 16:35:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 26.46B 3.93B 0.7326 150.90 592.89B

Centrica Named in UK Demand Side Response Framework

18/07/2017 9:00am

PR Newswire (US)


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WINDSOR, England, July 18, 2017 /PRNewswire/ --

Centrica has been named by the Crown Commercial Service (CCS) as a supplier on its Demand Side Response framework (RM 3792), designed to financially incentivise customers to lower or shift their electricity use at peak times.

The three-year framework agreement names Centrica as one of six suppliers of demand side response services that could help large energy users such as hospitals to access new revenue streams while supporting grid stability.

Under the Demand Side Response framework, Centrica's Distributed Energy and Power business will develop asset optimisation strategies for buyers to generate savings and efficiencies by limiting the use of non-essential equipment at peak periods, using back-up generation to generate their power, and selling it back to the grid when it's not needed.

Ian Hopkins, Distributed Energy Sales Director at Centrica said: "We've been working with a number of hospitals on major programmes to overhaul their energy assets so we're delighted to be included on this framework agreement, which will allow users to take their energy management to the next level."

The Crown Commercial Service (CCS) supports the public sector to achieve maximum commercial value when procuring common goods and services.

Government bodies and departments that will be able to use the framework agreement include the Ministry of Defence, Ministry of Justice, Department for Work and Pensions, Transport for London, NHS England and Scottish Procurement, among others.

Under the framework, public procurement of demand side response energy has been made fast and simple.  Rather than holding procurement exercises, government and public-sector organisations simply need to identify their requirements, present them to those on the framework and award a contract to the supplier that provides best value.

To win a place on the framework agreement Centrica had to demonstrate its expertise and meet exacting 'best in class' criteria around areas such as quality and environmental accreditation, transparency of pricing, cybersecurity and insurance.

Notes to editors: 

  • Crown Commercial Service (CCS) is an Executive Agency of the Cabinet Office, supporting the public sector to achieve maximum commercial value when procuring common goods and services.
  • To find out more about CCS, visit http://www.gov.uk/ccs. Follow CCS on Twitter @gov_procurement and on LinkedIn http://www.linkedin.com/company/2827044

About Centrica: 

  • Centrica is an international energy and services company. Our purpose is to provide energy and services to satisfy the changing needs of our customers.
  • Our Distributed Energy & Power business has been established to help businesses and other large energy users to take control of their energy, providing commercial and industrial customers with end-to-end services - from insight to optimisation and solutions.
  • Our two global divisions, Centrica Consumer and Centrica Business, supply energy and energy-related services to over 27 million customer accounts in the UK, Ireland and North America, through strong brands such as British Gas, Direct Energy and Bord Gáis Energy. They do this with the support of 12,000 engineers and technicians.

Copyright 2017 PR Newswire

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