Chart of the week | COVID-19 costs energy suppliers over £1bn

The impact of COVID-19 is starting to be reported by listed energy companies. Centrica, Iberdrola, E.ON Group, Drax Group and ENGIE Group have all commented on the impact of COVID-19, including the costs of selling back overhedged volumes caused by the pandemic. These suppliers collectively are important competitors in the British energy markets, supplying around a third of business and domestic electricity by volume (Cornwall Insight Market Share). In this Chart of the Week we look at a selection of Group H120 financial results and the reported impacts of the COVID-19 pandemic.

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