• Feedback


    Feedback – what do you think of this report?

  • Print
  • Share



    Share this page

    Share to…

  • Notes


    Notes for this page


    Max characters: 1000

  • Downloads
  • Glossary





    Refers to US dollars unless specified otherwise

     <1 year

    Less than 1 year

     >1 year

    Greater than 1 year


    Proven and probable





    An entity in which the Group has an equity interest and over which it has the ability to exercise significant influence



    Billion cubic feet


    Barrels of oil



    Certified emissions reduction (carbon emissions certificate)


    Carbon emissions reduction target


    Cash generating unit


    Consumer Price Index



    Earnings before interest, tax, depreciation and amortisation


    European Union allowance (carbon emissions certificate)



    Financial Services Authority

     FTSE 100

    Financial Times Stock Exchange 100 share index, an average of share prices in the 100 largest, most actively traded companies on the London Stock Exchange


    Fair value less costs to sell


     g CO2/kWh

    Grammes of carbon dioxide per kilowatt hour


    Group Financial Risk Management Committee


    Gigawatt hour


     IAS 19

    The International Accounting Standard related to Employee Benefits. These financial reporting rules include requirements related to pension accounting

     IAS 39

    The International Accounting Standard related to financial instruments (recognition & measurement)


    International Financial Reporting Standard


     Jointly controlled entity

    A joint venture which involves the establishment of an entity to engage in economic activity, which the Group controls jointly with its fellow venturers


     Level 1

    Fair value is determined using observable inputs that reflect unadjusted quoted market prices for identical assets and liabilities, for example exchange-traded commodity contracts valued using close-of-day settlement prices. The adjusted market price used for financial assets held by the Group is the current bid price

     Level 2

    Fair value is determined using significant inputs that may be either directly observable inputs or unobservable inputs that are corroborated by market data, for example over-the-counter energy contracts within the active period valued using broker-quotes or third-party pricing services and foreign exchange or interest rate derivatives valued using market-based data

     Level 3

    Fair value is determined using significant unobservable inputs that are not corroborated by market data and may be used with internally developed methodologies that result in management's best estimate of fair value, for example energy contracts within the inactive period valued using in-house valuation techniques


    Liquefied natural gas



    Million barrels of oil equivalent


    Million therms


    Megawatt hour



    Net book value


    Non-governmental organisation



    Property, plant and equipment


    Petroleum revenue tax



    Renewable obligation certificate


    Retail Price Index



    Comprised of Treasury gilts designated at fair value through profit or loss on initial recognition and available-for-sale financial assets. The fair values of securities are based on quoted market prices, when available. If quoted market prices are not available, fair values are estimated using observable market data


    Supplementary charge associated with UK Corporation Tax

     Spark spread

    The difference between the price of a unit of electricity and the cost of the gas used to generate it



    Value added tax


    Value in use

    Search glossary

  • Open My Report


    My Report

    You do not have any pages or notes saved.

    You can create your own list of important report pages and accompanying notes here. You can then print your selected pages and notes, download them as a PDF, or email a list of the pages you've saved.

    To save a page, click the "Add+" button at the top of any report page.

    To add a note to a page, click on the 'Notes' tab and fill out the form. If you want to add another note to the page, simply add it to the same form.

    Your list of saved pages and notes will appear in this window.

Sir Roger Carr Sir Roger Carr
Chairman (65)
Sam Laidlaw Sam Laidlaw
Chief Executive (56)
Dame Helen Alexander CBE Dame Helen Alexander DBE
Non-Executive Director (55)
Phil Bentley Phil Bentley
Managing Director, British Gas (53)
Margherita Della Valle Margherita Della Valle
Non-Executive Director (46)
Mary Francis CBE Mary Francis CBE
Senior Independent Director (63)
Mark Hanafin Mark Hanafin
Managing Director, Centrica Energy (52)
Lesley Knox Lesley Knox
Non-Executive Director (58)
Nick Luff Nick Luff
Group Finance Director (44)
Andrew Mackenzie Andrew Mackenzie
Non-Executive Director (55)
Ian Meakins Ian Meakins
Non-Executive Director (55)
Paul Rayner Paul Rayner
Non-Executive Director (57)
Chris Weston Chris Weston
Managing Director, North America (48)

Senior Executives

Grant Dawson Grant Dawson
General Counsel & Company Secretary (52)
Catherine May Catherine May
Group Director, Corporate Affairs (47)
Jill Shedden Jill Shedden
Group Director, Human Resources (46)

Committee Membership

  Audit Committee Remuneration Committee Nominations Committee Corporate Responsibility Committee Executive Committee Disclosure Committee
Sir Roger Carr    
Sam Laidlaw  
Phil Bentley    
Margherita Della Valle  
Mary Francis CBE  
Mark Hanafin    
Lesley Knox  
Nick Luff  
Andrew Mackenzie    
Ian Meakins  
Paul Rayner  
Chris Weston    
Grant Dawson  
Jill Shedden    
  • Chairman
  • Member