The UK’s biggest energy supplier, Centrica Plc, expects “significantly higher” earnings from its household business after regulatory changes allowed it reclaim some losses from selling at capped prices.
Full-year earnings per share are expected at about 24.7 pence, the top of a range estimated by analysts, the company said in a statement Tuesday ahead of its annual general meeting. The boost comes from a change to the UK’s price cap that allows companies to recoup some costs incurred in prior periods.
The company is due to report its interim results on July 27.
