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Britain’s Centrica loses 823,000 energy supply customers in four months
November 23, 2017 / 7:30 AM / 24 days ago

Britain’s Centrica loses 823,000 energy supply customers in four months

LONDON, Nov 23 (Reuters) - Centrica, owner of Britain’s largest energy supplier British Gas, lost 823,000 accounts in the four months from the end of June to the end of October, but remains on track to meet its 2017 targets, it said on Thursday.

The company expects its adjusted operating cash flow for the year will be above 2 billion pounds ($2.66 billion), it said in a trading update.

“Trading conditions continue to be highly competitive and performance delivery since mid-year within the Centrica Business energy supply businesses has been disappointing,” Chief Executive Iain Conn said. ($1 = 0.7509 pounds) (Reporting By Susanna Twidale)

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