British Gas owner Centrica hit by fall in electricity demand

British Gas owner Centrica today said that the pandemic was continuing to heap pressure on its finances, with electricity demand down 15 per cent in the first quarter.

Chris O’Shea, group CEO of Centrica, said: “As expected, trading conditions have remained tough in the year to date. However, the modernisation of our Group remains on track and the difficult, but necessary process to move colleagues onto new terms and conditions is now complete.

“Although the external environment remains uncertain, our tight focus on cash and on fixing the basics across the Group leaves us well placed as we continue the turnaround of our company.”