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Centrica's value may rise with Sizewell B nuclear plant life extension deal, says Citi.

Market News
11 Jun 2026
Proactive Investors
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Bullish
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Centrica is reportedly close to finalizing a deal with the UK government and EDF to extend the operating life of the Sizewell B nuclear power station by 20 years. The agreement could include a power price contract at £70 per megawatt hour, which Citi describes as attractive despite the estimated £800 million capital expenditure required. Centrica owns a 20% stake in Sizewell B and would contribute about £160 million to the investment. While Citi's analyst Jenny Ping expects no major valuation change, the deal would enhance long-term earnings visibility and reinforce Centrica's investment appeal.

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