EDF Energy has said it may seek further partners to finance new UK reactors. Its net debt rose almost 20 per cent in the first six months of 2012. UK sales grew 3.1 per cent to €4.82 billion (£3.8bn) but earnings before interest, taxes, deductions and amortisation (Ebitda) shrank 16.1 per cent to €1.08 billion on lower nuclear output and B2B sales.
First half B2B profit also fell by 27 per cent to £93 million at British Gas. Residential supply profit grew 23 per cent to £345 million.
Ebitda at Scottish Power’s non-regulated business climbed 33 per cent to €242 million, while regulated Ebitda grew 8.6 per cent to €446 million.
Ebitda at Drax fell 19 per cent to £154 million.
This article first appeared in Utility Week’s print edition of 3 August 2012.
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