Centrica Reports Higher Unit Margins For North American Residential Business
May 08,2017
In a trading update released this morning, Centrica, the parent of Direct Energy, reported that it has seen, year to date, higher realized unit margins in its North America Home energy supply business, and good optimization performance in its North America Business segment, "continuing the performance momentum from H2 2016 despite warmer than normal weather."
As previously reported, Centrica recently launched its Hive Active Thermostat in the U.S., including through a Direct Energy bundled offer
Globally, Centrica said that Connected Home revenue was 30% higher through the end of April 2017 compared to the same period in 2016, with over 600,000 connected hubs installed and over 900,000 connected products sold to date