Centrica Shares Trade Lower Ahead of Ofgem Announcement

Centrica slipped in London trading on Tuesday, trailing the FTSE 100, with investors eyeing a coming UK household energy price announcement and a new British Gas tariff. Shares were off around 0.4% at 199.55 pence by 10:20 BST after starting the session at 200.70 pence. The FTSE 100 was up roughly 0.6% according to delayed market data.

British Gas Debt Warning: Why A £7bn Energy Bill Problem Is Hitting UK Households Now

British Gas Debt Warning: Why A £7bn Energy Bill Problem Is Hitting UK Households Now

The UK government’s proposal to write off up to £500 million in energy debt for vulnerable households hasn’t started yet. That delay leaves ministers under pressure, with industry projections showing consumer arrears heading toward £7 billion—roughly $9.5 billion—by the end of the year. Officials say they’re still working through data-sharing requirements for the scheme. Ofgem, for its part, says the final call belongs to ministers.
13 May 2026