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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

UK arm of EDF returns to profit as household electricity prices soar

EDF's Torness nuclear power station in Scotland.
EDF's Torness nuclear power station in Scotland. Photograph: Murdo MacLeod/The Guardian

The UK arm of the French energy company EDF bounced back to profit last year, making more than £1bn, as it was boosted by the rising cost of wholesale energy, which allowed it to sell the electricity it generated at a higher price.

The firm made a pre-tax profit of £1.1bn in the UK last year, before one-off items, a recovery from a loss of £21m a year earlier.

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