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:
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
