Summary
Centrica, the owner of British Gas, saw a decrease in profits in 2025. Warmer weather led to less heating use, and more customers chose cheaper energy plans. Despite this, British Gas added more customers by taking over those from other companies that closed.
Key Facts
- Warmer weather in the UK in 2025 led to lower heating use by British Gas customers.
- Centrica, British Gas's owner, reported a profit fall from £1.55 billion in 2024 to £814 million in 2025.
- Customers switched from variable to cheaper fixed-rate energy tariffs, affecting profits.
- British Gas's customer base grew to 7.5 million in the UK.
- This growth included taking over customers from Rebel Energy and Tomato Energy after they went out of business.
- The UK experienced its warmest and sunniest year on record in 2025, with an average temperature of 10.09°C.
- Centrica's stock price dropped by more than 7% in London trading.
