Our priorities

Our strategy is designed to address the complex issues the industry faces in ways that can deliver sustainable value for our shareholders and ensure we are well positioned for growth.

Our vision is to be the leading integrated energy company in our chosen markets.

2009 was a year of significant achievement for Centrica, with British Gas now transformed, and the completion of the Venture Production and British Energy transactions, creating an upstream division that is a growth business in its own right. We have now achieved the strategic priorities set at the start of 2007, and developed new priorities to reflect our integrated business model. These new strategic priorities will enable the business to move forward and deliver growth within the integrated business model – delivering value from the existing asset base, and building on our distinctive capabilities through carefully targeted investment.

Select a priority

Rough storage facility

2 Deliver value from our growing upstream business

…securing sustainable energy for our customers

Our distinctive capabilities are:

  • Transformed scale and capability in upstream gas
  • Only ‘dual fuel’ hedged UK supply business
  • Low-carbon intensive generation fleet
  • Leader in offshore wind
  • Leading capability in UK gas storage
  • Flexible portfolio

Our strategy in our upstream business is to:

Deliver value from our existing assets

  • Leading consolidator of mature and orphaned assets in the UKCS
  • Optimisation of our power generation fleet

Deliver value from our pipeline of low carbon investment choices

  • Offshore wind
  • New nuclear
  • Gas development
  • Gas storage

...to secure sustainable sources of energy for our customers.

Market context

We operate in a complex, global industry with profound long-term challenges.

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We source it, we generate it, we process it, we store it, we trade it, we save it, we supply it, we service it.