海角视频

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Economic Development

Energy giant EDF's profits up in the 海角视频 due to higher prices

Despite this, the French state-backed firm - which is behind the Hinkley Point C nuclear power station in Somerset - said its British business recorded an overall operating loss

An EDF energy bill(Image: Gerard Bottino / SOPA Images/Sipa USA/PA Images)

Energy firm EDF has revealed that core profits in its 海角视频 business bounced higher as it charged more for the energy it produced.

The French state-backed utilities giant, said profits before tax, interest and one-off items lifted to £1.12bn for 2022 in the 海角视频, following a loss of £21m in the previous year.

EDF, which is behind the Hinkley Point C nuclear power station in Somerset, said this was caused by “strong operational performance” across its nuclear fleet and increased prices.

Nevertheless, the 海角视频 business recorded an operating loss of almost £1bn once depreciation and one-off impairments were taken into account. The firm’s energy supply business for 海角视频 households and business made a loss of over £200m.

It came as the wider group plunged to €5bn euro (£4.46bn) loss as repairs impacted the group’s nuclear output for the year.

Luc Remont, chairman and chief executive of EDF, said: “The 2022 results were significantly affected by the decline in our electricity output, and also by exceptional regulatory measures introduced in France in difficult market conditions.

“Despite all the challenges, EDF actively focused on service and support for all its residential and business customers, and made every endeavour to ensure the best generation fleet availability for the winter period.”

The update comes a day after British Gas owner Centrica saw profits triple to around £3.3bn for the past year.