Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Centrica plc    CNA   GB00B033F229

CENTRICA PLC

(CNA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Centrica : 05 Oct 2020 Introducing British Gas Evolve

10/05/2020 | 06:40am EST
05 October 2020 Introducing British Gas Evolve

By Peter Simon
Managing Director, New Energy Platforms

Our new offering for low-cost, digital-first, reliable and hassle-free residential energy supply

Establishing a low-cost, digital-first, hassle-free way to supply energy to consumers and small businesses in the UK has been a journey of discovery over the past few years.

We've seen many new players enter the highly competitive UK energy market, some with success and some proving less resilient - our challenge now is to leap-frog the competition.

In response, we have established a new team to take what we see has worked from these successful disrupter brands, and apply our significant experience in the energy market, to evolve a new business that will win back customers and help Centrica grow.

Our ambition is to be not just the largest but also a growing energy supplier in the UK for residential customers and small businesses - providing an effortless reliable, low-cost, sustainable service that attracts and retains customers for the long term.

Within our current trials (using the most advanced technology support from partners like Amazon and Salesforce and piloting with billing industry-specialists, Ensek), we supply around 60,000 businesses through BG Lite, and 17,000 residential customers through BGX. Over 1,000 UK of our UK colleagues have also been trying it out through our employee offer tariff and providing great feedback to help us improve.

Today we have launched British Gas Evolve, to offer something new to residential customers. The new name represents our brand and business ambitions. We will launch to a limited number of customers for now with a wider launch planned later in the year with ambitious plans for the future.

I am excited by the opportunities it brings for us to gain new customers, as well as retain our current customers. Sustainability, now and for the future, is core to our business, and we are striving to ensure our energy supply brands play an integral part in helping our business and our customers reduce their emissions for a zero-carbon future. British Gas Evolve will start by offering 100% renewable electricity and create other innovations that can help customers reduce their usage and carbon - whether this is with electric vehicle offers or home energy management tools (such as time of use tariffs, or pricing that moves with supply and demand). We will be exploring the role British Gas Evolve can play in sustainability and how it can appeal to customers who might not always think of British Gas as the first place for these innovations. We will also partner with other businesses to deliver these opportunities and find new ways to engage with our customers.

My hope is that our customers will see British Gas Evolve as a solution that is forward thinking, providing products and services they need now and in the future.

Disclaimer

Centrica plc published this content on 05 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2020 10:39:02 UTC


© Publicnow 2020
All news about CENTRICA PLC
11/19NRG ENERGY : Announces Pricing of $1.40 Billion of Senior Secured First Lien Not..
AQ
11/17NRG ENERGY : Announces Proposed Offerings of Senior Secured First Lien Notes, Se..
AQ
11/13CENTRICA : 13 Nov 2020 Cornwall energy trial opens up a new market for flexibili..
PU
11/12CENTRICA : 11 Nov 2020 Hive launches a new smart home monitoring service that he..
PU
11/11CENTRICA : 11 Nov 2020 Hive launches a new smart home monitoring that helps you ..
PU
11/10GASLOG LTD. : Reports Financial Results for the Three-Month Period Ended Septemb..
AQ
11/09CENTRICA : 09 Nov 2020 Cornwall flexible energy trials prove success Company
PU
11/04CENTRICA : 04 Nov 2020 This is Engineering – An Engine of Prosperity
PU
10/22Spurred by reform, China's niche LNG buyers to pour in investments, double im..
RE
10/08CENTRICA : UK's Centrica signs deal with unions over worker terms and conditions
RE
More news
Financials
Sales 2020 25 419 M 33 870 M 33 870 M
Net income 2020 -221 M -295 M -295 M
Net Debt 2020 2 551 M 3 400 M 3 400 M
P/E ratio 2020 -23,9x
Yield 2020 1,00%
Capitalization 2 539 M 3 374 M 3 383 M
EV / Sales 2020 0,20x
EV / Sales 2021 0,28x
Nbr of Employees 25 835
Free-Float 99,9%
Chart CENTRICA PLC
Duration : Period :
Centrica plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CENTRICA PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 53,88 GBX
Last Close Price 43,50 GBX
Spread / Highest target 49,4%
Spread / Average Target 23,9%
Spread / Lowest Target -10,3%
EPS Revisions
Managers
NameTitle
Christopher O’Shea Group Chief Executive Officer & Executive Director
Jonathan Scott Wheway Chairman
Johnathan Richard Ford Chief Financial Officer & Director
Charles Cameron Director-Technology & Engineering
Mike Young Group Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
CENTRICA PLC-51.29%3 374
NATIONAL GRID PLC-2.68%42 996
SEMPRA ENERGY-13.49%37 622
ENGIE-15.07%34 864
E.ON SE-5.67%27 672
RWE AG26.44%27 624