Centrica CRO keeps watchful eye on new regulation

Post-2008 surge in new market rules poses challenges for UK utility

Olivier Herbelot - Centrica
Olivier Herbelot, Centrica

When Centrica's highest-level risk team meets each month, there are many things they could potentially discuss. After all, the UK-based energy firm is a huge multinational whose businesses range from oil drilling in the North Sea to serving residential electricity consumers in Illinois. So what's the number-one agenda item for the team, a body called the group financial risk committee, each time it meets? Some might find the answer surprising: regulation.

"The first thing we go to when we go thr