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March 25, 2023
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UK arm of EDF returns to profit as household electricity prices soar

French firm’s 2022 pre-tax figure of £1.1bn in Britain relates to nuclear operations and higher energy prices

The UK arm of the French energy company EDF bounced back to profit last year, making more than £1bn, as it was boosted by the rising cost of wholesale energy, which allowed it to sell the electricity it generated at a higher price.

The firm made a pre-tax profit of £1.1bn in the UK last year, before one-off items, a recovery from a loss of £21m a year earlier.

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