Overview

Our strategy is founded on an analysis of market trends and sources of growth, and the capabilities and efficiency necessary to pursue them profitably. From this we developed five core themes.

Objectives and Focus Areas

Medium-term strategic objectives to 2020

  • Customer-led growth
  • Driving cost efficiency
  • Improving organisational effectiveness
  • Securing the capabilities we need for 2020 and beyond
  • Maintaining capital discipline and balance sheet strength

Focus areas for long term growth

  • Energy Supply
  • In-Home Servicing
  • Home Solutions
  • Energy Optimisation
  • Business Services & Solutions

"There are three shifts driving change in the energy market and in our business: decentralisation of the energy system, customer power and digitalisation. Our strategy means that Centrica can react quickly and flexibly to these changes, and is strongly positioned to meet the needs of our customers, now and in the future."

Iain Conn, Group Chief Executive

Macrotrends

The three fundamental trends we?identified,?and which are changing the energy landscape??decentralisation, shifting of power to the customer and?digitalisation?– are even clearer today and are playing out in line with our views at the time.?These trends demand we deliver more decentralised technologies and propositions, increased agility and technology capabilities, and give our customers a better and more personalised service.

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Our Business Model

Our business model is designed to deliver returns and growth through efficient operations and a focus?on our customer-facing businesses.?This ensures we are well placed to deliver for our customers and to meet our?broader obligations to society.

We are organised in three divisions:?Centrica Consumer,?Centrica Business?and?Exploration & Production.

Our customer-facing businesses are supported by the common operating functions of Customer Operations and Field Operations. These functions are where we interact with our customers and are fundamental to our success.

To ensure our model remains efficient and scalable, all businesses are supported by a number of centre-led Group Functions that are responsible for setting boundaries and standards which allow us to effectively manage risk and ensure a strong system of internal control. In everything we do, we are committed to?being a responsible business and maintaining the highest standards of safety and compliance.

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  • Centrica Consumer

    Centrica Consumer

    Our?Energy Supply, In-Home Servicing and Home Solutions businesses are organised into a global customer-facing division, Centrica Consumer.

    Our consumer division?is designed to support the needs of residential consumers.

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    Centrica Consumer

    Centrica Consumer Strategy

  • Centrica Business

    Centrica Business

    Our Energy Supply, Business Services & Solutions, and Energy Marketing & Trading businesses are organised into a global customer-facing division, Centrica Business.

    Our business division is designed to support the needs of the business customer.

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    Centrica Business

    Centrica Business Strategy

  • Exploration & Production

    Exploration & Production

    Focused on Europe, our exploration and production (E&P) division consists of Spirit Energy and Centrica Storage.

    At our 2019 Interim Results, we announced our intention to exit oil and gas production.

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    Exploration & Production

    Centrica EP Strategy

Leadership Team