The UK arm of the French state-owned energy company has become the latest power producer to profit from high power costs, its annual results showed
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Charging customers higher electricity prices has helped the UK wing of the French state-owned energy giant turn a profit. While an overall loss was recorded at EDF earnings rose at its UK operations, it said in its 2022 annual results. Core profits in the UK electricity-producing entity hit £1.12bn, up from a loss of £21m the year before.
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