‘Continued strain’ of price cap takes toll on Scottish Power profits
Scottish Power's retail arm has recorded a £12 million loss for the first quarter of 2022, with the company citing the price cap methodology as causing a strain on earnings. The company, which at the end of March served 4.8 million customers, said earnings before interest, taxes, depreciation and amortisation (EBITDA) fell by £118 million, or 111.5% year-on-year.
Standard content for Members only
To continue reading this article, please log into your Utility Week Account or subscribe now.Already registered?
Log in
Check to see if your company has a corporate membership here, to activate your account you’ll need to use your corporate email address and complete the registration form.
To discuss further options, call us on 01342 332057 or request a call back.