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.
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