Another big energy firm announces £1billion profit as millions face higher bills

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ANOTHER big energy firm has announced bumper profits worth over a billion pounds. EDF’s annual profits hit £1.12billion in 2022 – compared to a loss of £21million in 2021. The boos…

Off the back of rising prices and squeeze on household incomes suppliers and the government have a number of initiatives in place to help households with their energy bills and the general cost of living.

Households should always talk to their energy supplier first - if they're falling behind with payments there's a lot they can do to help.Consider aContact them and ask to see what is available, though the application process is very in-depth.Households will have already received a £66 energy bill discount in October, November and £67 in December and January.

 

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After 10 years of losing money, many energy companies are now making money

Worldwide profits of the parent company. As the article says 'But EDF Energy, the UK's domestic supply arm, lost £200million last year.'

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Why Centrica can't reduce British Gas customer bills even if it wants to, despite £3.3bn profitCentrica cannot charge less to British customers because it it beholden to competition rules within the energy sector, energy analysts have said ⬇️ lauriehavelock explains lauriehavelock How about a loyalty rebate for their customers?
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