Scottish Power profits drop amid soaring wholesale gas prices

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Like other energy suppliers, Scottish Power has been hit by the surge in natural gas prices to record levels on financial markets.Like other energy suppliers, Scottish Power has been hit by the surge in natural gas prices to record levels on financial markets.Scottish Power has reported a 39% drop in underlying profits at its division that delivers gas and electricity to households, as it was hit by soaring wholesale energy costs and low wind volumes.

 

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But they are still making profits.

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