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Centrica CEO Advocates Higher Taxes to Lower Energy Bills

11/25/2025

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Summary

Story summary

Centrica's Chief Executive Officer Chris O'Shea would support higher taxes to remove energy bill levies and fund decarbonization.
He says the approach would cut bills by about £200 and be more equitable because wealthier people would pay more.
O'Shea criticized energy regulator Ofgem for prioritizing micromanagement over growth.
Ofgem said customer satisfaction and sector financial stability have improved.
Ofgem also noted a government review of its regulatory powers to protect consumers.

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Story summary

Centrica's Chief Executive Officer Chris O'Shea would support higher taxes to remove energy bill levies and fund decarbonization.
He says the approach would cut bills by about £200 and be more equitable because wealthier people would pay more.
O'Shea criticized energy regulator Ofgem for prioritizing micromanagement over growth.
Ofgem said customer satisfaction and sector financial stability have improved.
Ofgem also noted a government review of its regulatory powers to protect consumers.