Centrica seeks judicial review of regulator's price cap

FILE PHOTO: A gas cooker is seen in Boroughbridge, northern England in November 13, 2012. REUTERS/Nigel Roddis/File Photo - Copyright Nigel Roddis(Reuters)

By Reuters

Published on 21/12/2018 - 09:34•Updated 19/04/2024 - 19:14

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LONDON (Reuters) - Centrica <CNA.L> owner of Britain's largest energy supplier British Gas, said it is seeking a judicial review of the way regulator Ofgem has calculated part of its price cap, although it does not plan to delay implementing the cap.

The cap is due to take effect from Jan. 1 and is expected to save UK households around 1 billion pounds a year.

"Through this action Centrica has no intention to delay implementation of the cap, and does not expect the cap to be deferred in any way," Centrica said in a statement.

(Reporting By Susanna Twidale; Editing by Susan Fenton)

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