EDF Energy has seen a fall in profits in the first six months of 2017 compared to the same period last year. It dipped to €627 million (£561m) before interest and tax – a 34.4% fall – mainly due to the “significant impact of lower nuclear prices”. The drop in energy usage from householders following milder weather also had an impact on UK profits. However, EDF said the number of customer accounts is “quasi stable”. Nuclear output amounted to 32.3TWh, an increase from last year, due to good operational performance, “driven by favourable scheduling of the refuelling operations during the first half of 2017 and good availability of the nuclear fleet”.
Energy Live News 31st July 2017 read more »
EDF recorded a 3.7% year-on-year fall in net income and a 2.6% dip in sales in the first half of this year – to €2 billion and €35.7 billion – with its nuclear power generation impacted by unplanned outages. The French state-owned group said the results were in line with expectations, despite the launch earlier this year of a €4 billion capital increase.
World Nuclear News 31st July 2017 read more »