EnergyWatch

Sky-high power prices multiply Vattenfall's profit 20-fold

Even though the Swedish utility has only marginally lifted sales, German grid divestment and high electricity prices have the bottom line soaring with a net profit margin of 50 percent.

Photo: Vattenfall

Wild times for European power utilities.

On the one hand, power companies are burdened by this year's poor wind conditions, which have rendered wind farm generation sluggish. On the other hand, though, business is booming thanks to the somewhat related exorbitant prices of energy.

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