18 March 2005
The French state-owned electricity provider EDF has announced that 25 per cent of 2004's net profits came from the UK.
The firm's British subsidiary EDF Energy made a reported £208 million of the group's total earnings, which fell marginally short of the one billion pound barrier.
According to the Guardian, EDF Energy also successfully maintained customer levels of in excess of five million in spite of wholesale gas and electricity price hikes.
The energy company has now firmly established a ten per cent share of the British consumer market, helped no end by the freezing of prices for 62,000 of its poorest customers.
Figures also revealed that EDF has improved its influence in the UK's distribution market to a 26 per cent share and in the British generating market where it now has a seven per cent share.
Analysts have predicted that plans to float later this year look set to continue the energy firm's UK influence and growing number of customers.
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