Centrica plc, through its British Gas Energy division, today announced it has acquired a 22 per cent share of Secure Electrans Ltd for a cash consideration of £4 million.
Secure Electrans Ltd is developing an in-home payment device which will allow prepayment customers to make payments from the convenience of their home. This device will be available exclusively to British Gas customers and commercial roll-out is expected to commence in the next 12 months.
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Note to editors:
Centrica plc is acquiring a 22 per cent stake in Secure Electrans Ltd through its wholly-owned subsidiary, GB Gas Holdings Ltd.