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Andy Mayer talkTV
IEA Chief Operating Officer and Energy Analyst Andy Mayer appeared on talkTV to discuss Centrica’s record energy profits.
Andy said:
“When we were talking about this last year, people were predicting that these profits would be even higher because we’d have a cold winter. We didn’t get a cold winter, so if you were the kind of trader who made that kind of bet then, you’d have lost a lot of money.”
Andy also highlighted the specific areas of Centrica’s operations that had driven the increased profits:
“The bit that’s tripled in profit is straightforwardly the bit that’s drilling for oil and gas – and that’s the bit we really need to create security of supply and ensure in the long-term that bills come back down.”
You can see Andy’s full appearance here (1:08:11).
Andy said:
“When we were talking about this last year, people were predicting that these profits would be even higher because we’d have a cold winter. We didn’t get a cold winter, so if you were the kind of trader who made that kind of bet then, you’d have lost a lot of money.”
Andy also highlighted the specific areas of Centrica’s operations that had driven the increased profits:
“The bit that’s tripled in profit is straightforwardly the bit that’s drilling for oil and gas – and that’s the bit we really need to create security of supply and ensure in the long-term that bills come back down.”
You can see Andy’s full appearance here (1:08:11).
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