March 14 — Profit margins on services run as high as 40 percent, compared to 16 percent on energy sales, Iain Conn, group chief executive of British-owned Centrica, said during a panel on energy trends at CERAWeek by IHS Markit. Centrica owns Direct Energy, the third biggest seller of electricity in Texas.
Is a policy analyst for TCAP, a coalition of cities and other political subdivisions that purchase electricity in the deregulated market for their own governmental use. Because high energy costs can impact municipal budgets and the ability to fund essential services, TCAP, as part of its mission, actively promotes affordable energy policies. High energy prices also place a burden on local businesses and home consumers.