Centrica’s solid H1 numbers and 12.5% electricity tariff increase announced yesterday morning were both in line with market expectations. Operationally, the business was resilient given this year’s warm weather and challenging competitive dynamics. The political impact of the tariff hike was mitigated by protecting 200,000 vulnerable customers, a move we view as sensible given especially high levels of political risk in UK retail energy currently. The bigger story for Centrica sha
02 Aug 2017
Solid H1 and a price rise amid the transition
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Solid H1 and a price rise amid the transition
Centrica plc (CNA:LON) | 130 -0.8 (-0.5%) | Mkt Cap: 6,955m
- Published:
02 Aug 2017 -
Author:
Jamie Aitkenhead -
Pages:
2
Centrica’s solid H1 numbers and 12.5% electricity tariff increase announced yesterday morning were both in line with market expectations. Operationally, the business was resilient given this year’s warm weather and challenging competitive dynamics. The political impact of the tariff hike was mitigated by protecting 200,000 vulnerable customers, a move we view as sensible given especially high levels of political risk in UK retail energy currently. The bigger story for Centrica sha