Centrica has revealed its British Gas arm made bumper profits in 2023 thanks to recovering around £500 million via the price cap. The group has published its preliminary results for the year in which it posted a total adjusted operating profit of almost £2.8 billion, down 20% from £3.3 billion in 2022. Its retail arm British Gas saw a more than 940% increase in profits to £751 million compared to the £72 million it made in 2022.
Centrica records bumper retail profits
