The Top Six Utility Companies in UK

With the winter approaching soon, all six of the major utility firms in UK have increased prices for the second time this year, according to a report in This is Money website. Most of the price increases for electricity and gas are in the double digits.

The six major energy suppliers in the British market are:

  1. Scottish Power
  2. British Gas
  3. Scottish and Southern Energy (SSEZY)
  4. EDF Energy
  5. E.ON (EONGY)
  6. npower

EDF Energy is the British subsidiary of the France-based EDF Group (ECIFY). The company serves operates in 21 countries serving over 38 million customers in Europe, over 28 million of which is in France. Currently the ADR has a dividend yield of 6.0%. Scottish and Southern Energy (SSEZY) has a 5.60% yield. Germany-based E.ON is also one of the largest utilities in Europe. The US-traded ADR fell from over $34 earlier this year to below $18 recently. Based on yesterday’s closing price of $20.98, it pays a hefty a 10.98% dividend.

Disclosure: Long EONGY


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