Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Centrica confirms life extensions for two UK nuclear power stations

2nd Sep 2025 08:20

(Alliance News) - Centrica PLC on Tuesday confirmed further life extensions for two of the UK nuclear power stations, in which it holds a 20% share.

The Windsor, Berkshire-based energy and services company, which owns British Gas, said Heysham 1 and Hartlepool are now expected to generate electricity until March 2028, one year later than previously expected.

The company added that there is no change to the expected March 2030 closure date of Heysham 2 and Torness, which was announced in December.

The stations provide low-carbon electricity to power over 4 million homes a year, Centrica noted.

The total life extensions announced since December are projected to add around 12 terawatt-hours to Centica's electricity generation volumes between 2026 and 2030, with 3 TWh attributable to Tuesday's extensions.

"The UK needs more reliable, affordable, zero-carbon electricity, so the extension of Heysham 1 and Hartlepool is great news. We believe in having a diversified energy system, with nuclear power playing a key role in ensuring stability and sustainability for decades to come," said Centrica Chief Executive Chris O'Shea.

"Our longstanding involvement in the UK nuclear industry is an investment in Britain's energy independence and thousands of high-quality jobs. Our recent investments in Sizewell C and the Isle of Grain [liquefied natural gas] terminal further underscores our commitment to securing the UK's energy future through a range of low-carbon technologies."

Shares in Centrica were down 0.9% at 158.20 pence in London on Tuesday morning.

By Michael Hennessey, Alliance News reporter

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


Related Shares:

Centrica
FTSE 100 Latest
Value9,116.69
Change-79.65