Centrica to cap profit to cut energy bills: report

LONDON: Britain’s largest energy supplier Centrica is planning to voluntarily cap profits in an effort to cut household bills, the Guardian newspaper reported on Saturday, citing Chief Executive Chris O’Shea.

O’Shea said he was keen for British Gas owner Centrica to become the first company to sign up to new, renegotiated contracts with the government on its electricity generation, the newspaper reported.