History

Centrica acquires the AA

Centrica acquires the AA for £1.1bn.

5 Jul 99 - Centrica acquire the AA for £1.1bn – View press release

Centrica’s gas monopoly ends

Centrica’s supplier monopoly for gas ends.

British Gas supplies first domestic electricity customers

British Gas supplies its first domestic electricity customers as the market opens to competition, achieving 400,000 customers by September.

22 May 98 - British Gas supply its first domestic electricity customers as the market opens to competition – View press release

Centrica makes first upstream acquisition

Centrica makes its first upstream acquisition – PowerGen’s upstream gas and oil company PowerGen North Sea Limited (PGNS) for £248m. The acquisition involved interests in eight producing fields.

12 Oct 98 - Centrica make our first upstream acquisition – View press release

Centrica is formed

Centrica is formed following a demerger from British Gas plc. Centrica plc’s assets include British Gas Energy Supply, Services, Energy Centres, Accord Energy and HRL, the gas production business of the North and South Morecambe gas fields.

12 Feb 97 - Centrica is formed following a demerger from British Gas plc – View press release