National Grid’s statutory operating profit was up 82% for the 2021/22 financial year to £4.4 billion, boosted by the acquisition of Western Power Distribution (WPD).
Centrica’s adjusted profit has soared by 112%, jumping from £447 million to £948 million following the surge in oil and gas prices.
EDF UK has reported significant losses for 2021 due to the ongoing impact of COVID-19 and high global gas prices.
Last year saw Alfen record strong electric vehicle (EV) charging growth despite ongoing supply chain pressure, its full year financial results show.
The installation of smart meters in Britain jumped 21% in 2021, largely recovering from the impact of the COVID-19 pandemic.
Following four packed days of panels and talks at this year’s EnTech World Congress, Current± took a look at some of the key takeaways.
Good Energy has seen its gross profit increase by 19.4% during the first six months of 2021, growing to £17.7 million.
EDF has become the first supplier to raise its energy prices, following Ofgem announcing an increase in the price cap at the beginning of this month.
Ofgem has confirmed that the default price cap will rise again in October, as energy prices hit record highs amid the world emerging from lockdown.