Bloomberg Centrica Plc raised its price for power and gas for a second time this year, citing soaring costs of buying energy on the wholesale market. The utility’s British Gas unit, the nation’s biggest supplier to homes, will increase its standard variable tariff in October, hiking the average bill for the 3.5 million customers on the plan by 3.8 percent ...

Bloomberg A clean-power company owned by billionaire Richard Branson’s Virgin Group has taken over a Caribbean solar farm that was damaged last year by Hurricane Maria. Virgin’s BMR Energy unit, which develops, owns and operates clean-energy projects in the Caribbean and Latin America, plans to restore the 4-megawatt farm in St. Croix, the US Virgin Islands, and take over a ...

Bloomberg Saudi Arabia’s second-quarter budget revenue increased 67 percent from the year-earlier period as higher oil prices helped boost income, the country’s Finance Ministry said in a statement. Revenue climbed to 273.6 billion riyals ($73 billion), boosted by an 82 percent increase in oil revenue, the ministry said on Wednesday. Non-oil revenue rose 42 percent to 89.4 billion riyals, while ...