Skip to main content
Regional secretary with the National Education Union
French energy giant EDF sees British profits rocket to £1.1bn as millions struggle to pay bills

PROFITS “are being put before people,” campaigners warned today after French energy giant EDF announced soaring British profits of £1.12 billion despite millions struggling to pay their bills.

The company, which supplies gas and electricity to six million customers this side of the Channel, is the latest in a series of energy firms to benefit from global energy price spikes following Russia’s invasion of Ukraine last February.

French ministers fully nationalised EDF in October as part of plans to cap bill increases at just 4 per cent.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
Protesters during the Protect The Right To Strike march in L
BFAWU Conference 2024 / 12 June 2024
12 June 2024
Sarah Woolley addresses the BFAWU Conference
BFAWU Conference 2024 / 12 June 2024
12 June 2024
BFAWU Conference 2024 / 11 June 2024
11 June 2024
Similar stories
An online energy bill
Britain / 20 February 2025
20 February 2025
THE WAY FORWARD: A general view of the Viking windfarm SSE R
Features / 17 January 2025
17 January 2025
Thanks to impressive progress in Britain with wind and solar generation, clean electricity now costs a fraction of the price of gas — yet the current system keeps bills artificially high to protect fossil fuels, writes TOM HARDY
Britain / 7 November 2024
7 November 2024
‘It is time our energy infrastructure was brought back into public ownership,’ Unite general secretary says