After large profit margins were announced from SSE and British Gas, it may not come as a surprise to many that EDF have also seen their earning increase in the UK. But whereas SSE and British Gas seem to be profiting from margins on their gas and electricity prices, EDF's £1.69bn in revenue last year was driven mainly by the success of its 8 nuclear power stations up and down the country.
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Yesterday, French owned energy company EDF said it would be increasing it’s prices by just 3.9% next month. EDF are the fifth of the ‘big six’ energy companies to have announced price hikes and have undercut their rivals by more than half, making them a very attractive alternative to many households faced with rises in excess of 10%. But how is this possible?