EDF Energy rakes in £1.7bn from UK unit as nuclear output grows
FRENCH energy giant EDF yesterday said that its UK earnings rose by 1.4 per cent to £1.69bn last year, as the company’s nuclear production reached an eight-year high.
The results did not give a breakdown of profit margins for the firm’s UK domestic supply business.
“Our financial performance means we can make the big investments the country needs to give it the reliable low carbon energy it needs now and in the future,” said chief executive Vincent de Rivaz.
“The investment we are making in our existing nuclear power stations has resulted in their best performance for eight years.”
EDF said last November that it would raise its customers’ energy bills by 3.9 per cent in January, a smaller increase than its peers in anticipation of the government rolling back some green levies.