Business winners and losers: Bord Gáis owner braced for UK customers not paying their energy bills

Centrica, the UK energy and power utility which owns Bord Gáis Energy here, is to cut costs further — including cancelling its shareholder dividend payment — as it braces for British customers to stop paying their electricity bills and a drop in usage of its services amongst business clients due to the coronavirus shut-down.

Centrica said it expects to see an increase in customer bad debt “as certain customer segments defer payments due to the reduction of household incomes and business revenues”.