Wij gebruiken een aantal cookies om u de best mogelijke browser ervaring te bieden. Door deze website te blijven gebruiken, gaat u akkoord met ons gebruik van cookies. U kunt hier meer leren over ons cookie-beleid of door op de link te klikken onderaan iedere pagina van onze website.
Arguably the best thing that could happen for the management of Centrica is a less-than-impressive set of figures, as the general perception that they charge too much is imbedded in the public psyche.
Last week also saw the energy secretary Ed Davey calling for widespread changes to the charging policies of energy suppliers, specifically gas firms. In his speech he hinted towards the possibility that a number of the larger companies could be broken up in order to improve competition. Specifically, he targeted the profit margins that gas companies were working on and asked for the regulator Ofgem to investigate the situation.
Since the highs in September 2013 the company’s shares have dropped around 25%. This move can be attributed to a number of factors; certainly Mr Davey’s comments, but also the weather. Although we might have had one of the wettest starts to the year on record, it has not been as cold as in recent years and as such, heating consumption is likely to be down year-on-year.
The recent lows look to have retested the support last seen just above the £3 area in May/June 2012. However, in order to feel any recovery has legs, we would want to see a close above the 50-day moving average which is still some way away.