Centrica Energy Expands into North America with New Office in New York to Support Gas Optimisation and Power Trading

Centrica Energy Expands into North America with New Office in New York to Support Gas Optimisation and Power Trading

(IN BRIEF) Centrica Energy is opening its first US office in New York, marking the company’s entry into North America’s gas optimisation market. Following its entry into power markets in 2024, Centrica Energy plans to build a comprehensive gas, power, and certificates optimisation business in the region. This expansion will enhance the company’s trading capabilities and support energy security, lower costs, and foster the energy transition. Centrica Energy, with over 20 years of experience and a strong global presence, is well-positioned for growth in North America.

(PRESS RELEASE) WINDSOR, 29-May-2025 — /EuropaWire/ — Centrica Energy is expanding its operations into North America with the opening of its first office in the United States, located in New York. This move marks the beginning of Centrica Energy’s entry into the North American gas optimisation market, following its initial foray into power markets in 2024. The new office is a significant step in the company’s ongoing strategy to broaden its presence in key energy markets across the globe.

The initial team in the New York office will focus on establishing a physical gas business in North America. Over time, Centrica Energy envisions growing its business to integrate gas, power, and certificates optimisation, creating a comprehensive energy solutions offering in the region.

This expansion into the US energy trading market is a key milestone for Centrica Energy. By enhancing its gas and power trading capabilities, Centrica Energy aims to better serve its clients and strengthen its global energy optimisation services.

Centrica Energy’s Managing Director, Cassim Mangerah, commented, “Opening our office in the United States is an important move that reinforces our presence in one of the world’s most vital energy markets. We’ve already completed our first power trades in North America, and now, we’re taking the next steps in expanding our gas business.”

For over 20 years, Centrica Energy has been a key player in global energy markets, trading power, gas, liquefied natural gas (LNG), and green certificates. By leveraging its extensive experience, technological capabilities, and expertise in the US market, Centrica Energy aims to optimise energy flows across both established and emerging markets.

The North American market presents significant opportunities for Centrica Energy, especially as many US states experience rapid growth in inflexible generation, leading to price fluctuations in power markets. Centrica Energy plans to help integrate power systems and maximise energy efficiency across the grid, contributing to the security of supply in North American power markets while also driving lower energy costs for businesses and consumers.

Centrica Energy will also utilise its global gas trading expertise to support US producers, helping them optimise the impact of their products while furthering the role of natural gas in the energy transition.

Chris O’Shea, Group Chief Executive of Centrica, said, “We’re thrilled to open our office in New York, which underscores our commitment to growing our business in key markets. This expansion allows us to enhance our capabilities for current and new customers and plays an essential role in our strategy to support energy security, affordability, and decarbonisation worldwide.”

Cassim Mangerah added, “This expansion is a major step forward for Centrica Energy, as it solidifies our presence in a critical market. The opening of this office marks our ongoing dedication to commercial growth and supporting the global energy transition.”

Centrica Energy operates in eight offices across various time zones, facilitating energy movement from source to end use. In 2024, the company traded 252 LNG cargoes and managed 16.7GW of electricity generating capacity. With over 850 industry specialists and two decades of experience, Centrica Energy is positioned to drive significant growth in the North American market.

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SOURCE: Centrica plc