EDF income falls

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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."

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