POLL: Are energy chiefs paid too much? | UK | News

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Chris O’Shea, Chief Executive of British Gas owner Centrica was on the sofa with Charlie Stayt and Naga Munchetty today, discussing the profits his company has made.

Mr O’Shea told the BBC his pay last year was £4.5 million, adding that his salary is “impossible to justify”.

He said while he did not set his pay, while Britons are struggling to pay bills “you can’t justify a salary of that size”.

Mr O’Shea also discussed the soaring costs of gas and electricity, which have impacted households across the UK.

At a time when Britons are struggling due to the cost of living crisis, the shocking salary Mr O’Shea takes home was hard to stomach for some.

Energy customers in the UK have fallen behind by almost £3 billion on bills.

However, many viewers praised the CEO for his honesty over how extortionate his salary is.

Writing on X (formally Twitter) user @SAINTSGUS said: “One of the best and most honest interviews in a good while. Didn’t duck a single question. Answered honestly. Refreshing. Also knew his facts Maybe if a few politicians were watching they could learn and listen That’s what we want.”

User @Stegg08 said: “At least he has come out and been honest so we all can see what goes to high end earners. Doesnt make it any easier to hear though.”

And @apowell01 wrote: “Honest, but it makes you fume.”

Mr O’Shea declined a £1.1m bonus in 2021 because of the “hardships” customers were facing, and previously turned down bonuses in 2020 and 2019 due to the pandemic.

In 2022 profits for Centrica hit £3.3bn following the soaring prices of oil and gas after Russia invaded Ukraine.

So what do you think, are energy chiefs paid too much?

Vote in our poll and have your say in the comments. If you can’t see the poll below, click here.

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