Power Plants: Climate Change and Iain Conn

power plants: Iain Conn, the chief executive, said the group faced a huge number of headwinds including the price cap, reduced gasfield production and several of its nuclear power plants being offline, according to The Guardian. Ban gas boilers in new homes by 2025, says Committee on Climate Change Read more The company lost 742,000 of its 25 million household energy customers last year, although the figure is about half the losses in 2017. Shares in Britain's biggest energy company dropped more than 10% after the company lowered its cashflow outlook for 2019, leading investors to fear Centrica's dividend could be cut. While the group's profits were up 12% in 2018 to 1.39bn, its home energy unit profits fell 18% to 668m. He was strongly critical of the cap, which he said had been set at a level that was stopping companies investing. Conn said customer numbers had remained stable in 2019 so far. (news.financializer.com). As reported in the news.