Record profits of almost £1 billion posted by British Gas are a sign that Britain’s energy system is “broken”, a leading fuel poverty campaigner has suggested. Simon Francis, coordinator of the End Fuel Poverty Coalition, was speaking following the news that the energy retailer had posted a record adjusted operating profit of £969 million for the first half of 2023, almost 900% higher than the same period in 2022. Centrica is not the only energy company to have announced healthy H1 results, with EDF and Scottish Power also announcing lofty profits.
British Gas record profits are ‘sign of a broken energy system’
