The Big Six supplier gained around 100,000 new domestic customers over the same period the year before

The company lost 430,000 customers last year as pre-tax profits fell by 6% to £1.45 billion

This is despite the cost of repairing US storm damage meaning headline profits for the year fell to £3.45 billion, a decrease of 8%

This is despite the energy giant’s domestic customer accounts dropping by 66,000 year-on-year

The energy supplier’s pre-tax profits rose to €1.3 billion

Ørsted earned an operating profit of DKK22.5 billion (£2.65bn) in 2017, an increase of 18% on the year before. The company’s financial results for the year also show it increased its share of renewable energy by 14% to 64% – its target is for at least 95% of its heat and power generation to be green by […]

Medium-sized UK businesses without energy resilience strategies are risking an average of £2.8 million each year in damages and lost opportunities. That’s among the findings from Centrica Business Solutions’ new report, which is based on a survey of more than 300 organisations across the UK and Ireland. When questioned, senior decision makers who had not […]

E.ON’s sales in the first quarter of 2017 fell 7% year-on-year to around €10.5 billion (£8.9bn). The German energy firm said the drop in performance was in line with its expectations for the year, primarily due to operating in a “difficult business environment”. The company disclosed adjusted Earnings Before Interest & Tax (EBIT) of just above €1 billion […]

British energy giant Centrica warned its shareholder earnings may dip after the Heysham and Hartlepool nuclear plants were shut. The two plants owned by EDF Energy were closed for inspections, it was announced today, because of a “defect” discovered in a boiler spine at one reactor in the Heysham 1 plant. Today Centrica said the […]

Power firm Drax said today that despite falling earnings in 2013 they were “ahead of expectations”. The owner of Drax power plant in North Yorkshire released its results showing total revenue hitting £2,062 million, £282m more than in 2012. However its earnings (before interest and tax) for 2013 were down 23% at £230 million. It blamed […]