Nice ragebait title there. The important parts of the article:
> However, its UK energy supply arm lost more than £200m in the year.
> The firm said that was because the cost of buying energy for its residential customers was higher than the prices set under the energy price cap.
> The EDF Group posted an underlying loss for 2022 of €4.99bn (£4.44bn) blaming “the decline in nuclear output” and “the impact of the exceptional regulatory measures to limit price increases for consumers in 2022”.
So the electricity wholesale arm in the UK, and just the wholesale arm in the UK, made profit because they part or fully own nuclear reactors and wind power plants, sources of power that don’t have to use gas.
This profit wasn’t enough to prevent huge losses overall
Every time an energy company releases a quarterly statement we get these headlines because most people don’t know how to read P/L.
Large energy suppliers have more revenue streams than domestic energy supply, and you’ll notice it’s only the large ones that get mentioned
Let’s all get out in the street and cheer for them. I am literally wetting myself in joy.
I can’t wait to see how mad the French government gets when Labour forces The British operations of EDF to become nationalised
It will also be funny to see how angry the Germans Dutch and beligan citzens get when they have to pay more money for trains without England subsiding them
Charged us 250 last month, up by nearly 100 quid and that’s with us trying to be careful with heating and electric. Disgusting
I literally cannot even afford to top my meter up until next Friday when I am paid and then I read this, so depressing
And because these Tory bastards don’t care they allow it to happen
Cunts. All energy companies are because they know the government won’t force them to stop. I’ve read stories about people going from £30-60 a month to a few hundred a month and even heard of one wanting 1200 a month. Even if it’s a mistake, the fact that energy companies think that they can do this shite, is just disgusting.
​
But the tory cunts in charge won’t dare piss them off as long as they get a nice little bonus.
8 comments
Nice ragebait title there. The important parts of the article:
> However, its UK energy supply arm lost more than £200m in the year.
> The firm said that was because the cost of buying energy for its residential customers was higher than the prices set under the energy price cap.
> The EDF Group posted an underlying loss for 2022 of €4.99bn (£4.44bn) blaming “the decline in nuclear output” and “the impact of the exceptional regulatory measures to limit price increases for consumers in 2022”.
So the electricity wholesale arm in the UK, and just the wholesale arm in the UK, made profit because they part or fully own nuclear reactors and wind power plants, sources of power that don’t have to use gas.
This profit wasn’t enough to prevent huge losses overall
Every time an energy company releases a quarterly statement we get these headlines because most people don’t know how to read P/L.
Large energy suppliers have more revenue streams than domestic energy supply, and you’ll notice it’s only the large ones that get mentioned
Let’s all get out in the street and cheer for them. I am literally wetting myself in joy.
I can’t wait to see how mad the French government gets when Labour forces The British operations of EDF to become nationalised
It will also be funny to see how angry the Germans Dutch and beligan citzens get when they have to pay more money for trains without England subsiding them
Charged us 250 last month, up by nearly 100 quid and that’s with us trying to be careful with heating and electric. Disgusting
I literally cannot even afford to top my meter up until next Friday when I am paid and then I read this, so depressing
And because these Tory bastards don’t care they allow it to happen
Cunts. All energy companies are because they know the government won’t force them to stop. I’ve read stories about people going from £30-60 a month to a few hundred a month and even heard of one wanting 1200 a month. Even if it’s a mistake, the fact that energy companies think that they can do this shite, is just disgusting.
​
But the tory cunts in charge won’t dare piss them off as long as they get a nice little bonus.
​
I hate this country’s politics.