EDF income falls

Between 1 July 2019 and 31 December 2019, at least 10% of people who switched energy supplier for both gas & electricity with Uswitch saved £479 or more.

Electricite de France (EDF) has announced that its income over the first half of the year fell by 15 per cent.

The supplier said that a mild summer meant that demand fell, with net income over the six months to June totalling €3.51 billion - compared with €4.14 billion a year earlier. Sales over the same period were roughly static, standing at €30.3 billion.

The company said that its outlook for the year ahead was unchanged, although it declined to release any details of what this outlook was.

EDF is planning a migration into the US market, chairman and chief executive Pierre Gadonneix said.

"Through the agreement recently signed with the US utility Constellation Energy Group is a new step towards the fulfilment of EdFs ambition to participate in the nuclear renewal on the largest energy market worldwide."

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.