Centrica PLC is a British multinational energy and services company. Based in Berkshire in the United Kingdom, it supplies gas and electricity to businesses and domestic consumers in the United Kingdom, Ireland and North America.
Centrica PLC traces its origins to the incorporation of the Gas Light and Coke company in 1812, which grew through the acquisition of various gas companies to become the primary supplier of gas and electricity to Greater London. In 1949, ownership of the company was transferred to the North Thames Gas Board, which then merged with other area gas boards to become the British Gas Corporation in 1973. The British Gas Corporation was sold to private investors as British Gas PLC in 1986. Centrica PLC became a separate company when the British Gas PLC was demerged in 1997.
Centrica PLC is listed on the London Stock Exchange (LSE) and is a constituent of the FTSE 100 Index, consisting of the 100 companies on the LSE with the highest market capitalisation.
Centrica PLC Market Influences
A range of different factors influence the share price of Centrica PLC, including supply and demand, international politics and world crises, weather, market sentiment, the industry’s performance, governmental policy, and internal developments within the company.