The energy giant said underlying earnings at its gas and electricity supply arm leaped 889% to £969 million.

'Obscene': British Gas makes record profits due to price cap rises

The group also announced a slashed dividend and its exit from oil and gas production.

Iain Conn, boss of British Gas owner Centrica, to step down

The company said it faces growing challenges.

Centrica has been having a rough time of it of late and many shareholders arrived at its AGM in a combative mood.

Centrica said a "challenging" start to 2019 knocked half-year results as it emerged 1.88 million customers have left since 2015. 

The energy supplier posted a 12% rise in operating profits for 2018.

British Gas owner Centrica is set to cut a further 2,100 jobs as part of a cost-cutting process.


Centrica, the owner of British Gas, says it will scrap standard gas and electricity tariffs for new customers.

Ofgem's finding that aspects of energy firms' behaviour "would appear to be consistent with tacit coordination" has been denied by Centrica.

If the temperatures weren't enough to make you shiver, the extra costs from cranking up the heating may do.