Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

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


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Centrica : 20 Aug 2020 Centrica and NEC announce energy service partnership Company

share with twitter share with LinkedIn share with facebook
08/20/2020 | 04:16am EDT
20 August 2020 Centrica and NEC announce energy service partnership

'The nature of a venue such as the NEC is that its electricity use is incredibly varied, with large shows creating a high demand for power, while the periods between the shows have limited demand. By transitioning to decentralised power the venue is now able to generate additional revenue by selling this additional capacity to the grid.'

Alan Barlow, Director of UK & Ireland, Centrica Business Solutions

Work is underway on a major energy project at the NEC, Birmingham, which will see the UK's leading events venue generate its power needs onsite.

Centrica Business Solutions will provide heat and power to the NEC site through the design, installation, operation and maintenance of three gas generators, including an 850 kWe Combined Heat and Power unit (CHP).

It's the first deal of its type for Centrica Business Solutions, which will finance the delivery of the project - repaid from the energy savings made over the asset life. British Gas Business will supply the top up electricity for the site.

The deal will see the NEC reduce its energy costs and improve energy resilience on site, as a result of being less reliant on grid power. It will also future proof the site to take advantage of Demand Side Response activity including operating on the capacity market.

'The partnership with Centrica Business Solutions will deliver significant energy savings to the NEC. Sustainability is still a primary business focus for the NEC Group and this project will significantly enhance our sustainable working and environmental impact.'

Ian Taylor, Acting Managing Director of Conventions & Exhibitions, NEC

Centrica Business Solutions' Energy as a Service (EaaS) bundle includes design, installation and financing of electricity supply, monitoring of energy usage and energy optimisation.

Alan Barlow added: 'Our research found that over a third of businesses rank energy security and resilience as an organisational risk. We're aiming to provide peace of mind to our customers helping them with investment in energy solutions, improve their energy security and provide energy costs savings. This also helps our customers transition to a sustainable future without needing to find significant capital.'

The construction and commissioning of the NEC project is expected to take around 12 months.

  • Michael Pullan, Senior Communications Manager, Centrica

    T: +44 (0)7557 619446

    E: Michael.Pullan@centrica.com

Further reading
Subscribe to Centrica news

Stay up to date with news, views and events via our newsletter.

Register here


Centrica plc published this content on 20 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2020 07:16:08 UTC

share with twitter share with LinkedIn share with facebook
All news about CENTRICA PLC
10/22Spurred by reform, China's niche LNG buyers to pour in investments, double im..
10/08CENTRICA : UK's Centrica signs deal with unions over worker terms and conditions
10/08CENTRICA : 08 Oct 2020 Sale of Direct Energy receives further regulatory approva..
10/08CENTRICA : British Gas, Lotus Cars agree green energy supply deal
10/07CENTRICA : introduces new low-cost, 'hassle-free' brand British Gas Evolve; The ..
10/05CENTRICA : 05 Oct 2020 Introducing British Gas Evolve
09/30CENTRICA : 30 Sep 2020 Centrica signs long-term LNG supply deal with Shenergy In..
09/09CENTRICA : 10 Sep 2020 Bord Gáis Energy guarantees no price increases ahead of w..
08/27CENTRICA : British Gas paid 1.73 million pounds for mishandled payment changes
08/20CENTRICA : 20 Aug 2020 Centrica and NEC announce energy service partnership Comp..
More news
Sales 2020 25 505 M 33 040 M 33 040 M
Net income 2020 -543 M -703 M -703 M
Net Debt 2020 2 502 M 3 241 M 3 241 M
P/E ratio 2020 -15,9x
Yield 2020 2,78%
Capitalization 2 170 M 2 811 M 2 811 M
EV / Sales 2020 0,18x
EV / Sales 2021 0,25x
Nbr of Employees 25 835
Free-Float 99,9%
Duration : Period :
Centrica plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CENTRICA PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 53,75 GBX
Last Close Price 37,30 GBX
Spread / Highest target 114%
Spread / Average Target 44,1%
Spread / Lowest Target -11,5%
EPS Revisions
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-58.23%2 809
SEMPRA ENERGY-16.02%36 800
ENGIE-28.68%28 898
E.ON SE-7.12%26 895
RWE AG14.77%24 751