Thread: The energy crisis
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Old 27-07-2023, 11:55   #2315
jfman
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Re: The energy crisis
Quote:
French state-owned EDF reported this morning that its UK business made profits of almost €2.3bn (£2bn) for the first half of the year, up from €860m in the same months last year. That included the earnings from EDF’s nuclear power plants in the UK.

It said this increase was driven mainly by the regulated price cap, with EDF telling shareholders:

The rise in EBITDA is essentially explained by a recovery of margins in the supply business, driven mainly by allowances in the UK domestic default tariff cap allowing suppliers to recover costs incurred through the market turbulence of previous years.
11.21 BST here https://www.theguardian.com/business...-business-live

Two billion quid leaving these shores for the sunnier climbs of France.
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