EDF's nuclear power-producing UK entity reported £1.1bn profit

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The UK arm of the French state-owned energy company has become the latest power producer to profit from high power costs, its annual results showed

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Charging customers higher electricity prices has helped the UK wing of the French state-owned energy giant turn a profit. While an overall loss was recorded at EDF earnings rose at its UK operations, it said in its 2022 annual results. Core profits in the UK electricity-producing entity hit £1.12bn, up from a loss of £21m the year before.

 

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Another energy company ripping people off, BP, Shell, British Gas, EDF ! When is this ever going to Stop! What is the regulator doing setting rip off prices! They are all in it Together! What is this Tory government doing!

Ripping off uk citizens 🫲

when you going to start presenting te important facts s there generating profit. Increasing pay out to hare holders. & Announce the shareholders ar all in the tops of goverment. Your drip feed of absolute bs Is infurating

Where is RachelReevesMP shouting for a proper windfall tax she has done it with every other energy company thats earned a big profit

Oooh Mention the Chinese shareholding and the UK government underwrite why doncha?

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EDF's UK profits soar after electricity price hikesBut the French energy firm made huge losses as a whole due to problems with its nuclear reactors. Excellent news! Hope they get a big dividend this year. Can't wait for the extra 20% price hike come April. Maybe I should just have my wages go straight to the energy barons. Uk citizens paying for the massive profits of a French government owned energy Company all because our ideologically right wing politicians won't nationalise our own It's a fantastic industrial good news story. Well done guys 👏👏👏🐷🐷🐷🇬🇧🇬🇧🇬🇧
Source: BBCNews - 🏆 3. / 97 Read more »

Centrica And EDF UK Post Multi-Billion Profits Amidst Energy Price Cap Scrutiny | OilPrice.comThe French energy giant’s UK arm recorded bumper earnings of £1.12bn compared with a £21m loss the year before, driven by the vastly improved performance of its nuclear electricity generators.
Source: OilandEnergy - 🏆 34. / 68 Read more »