Energy firm Centrica, which owns British Gas, has seen its profits more than treble in 2022 amid soaring energy prices following the Russian invasion of Ukraine.
The energy giant reported underlying operating profits of £3.3 billion ($4 billion), more than triple its £948 million profits for 2021.
Stripping out its Spirit Energy businesses that were sold, underlying earnings for the group jumped to £2.8 billion from £392 million the previous year.
The newly published figures triggered criticisms from opposition parties and unions and rekindled calls for the government to levy more windfall tax on oil and gas businesses.
Calls for More Windfall Tax
The main opposition Labour Party said the government should use the extra windfall tax to keep the energy price cap at its current level….