Moody’s downgrades Centrica rating

Rating agency Moody’s has downgraded ratings of Centrica’s debt. In a note it said that British Gas’s owner had seen profit fall by 35% in 2019, due to the default tariff cap, low wholesale gas prices and nuclear outages. While…

Budget 2020: the industry responds

Lord Deben, chair, Climate Change Committee: “This a realistic start. Obviously we will have to wait for the Infrastructure Strategy to see it all in the round. I am particularly pleased to see the Chancellor’s support for carbon capture and storage…