The UK’s National Grid expects significantly higher earnings for its 2021/2022 fiscal year ending in March 2022, due to the higher auction prices for electricity amid soaring natural gas and power prices in the UK and the rest of Europe. In its 2021/22 half-year results statement for the six months to September, National Grid said it was updating higher its full-year outlook, considering “the strong start to the year.
” The utility expects to deliver full-year underlying earnings per share (EPS) significantly above the top end…UK’s National Grid Expects Windfall Profits From High Power Prices
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