Energy firm lowers revenues and raises costs after pandemic leaves many unable to pay bills
Financially hard-hit US households have knocked £56m from National Grid’s underlying profits for the first half of the year as the company counts the cost of Covid-19.
The energy firm, which is also a supplier in the US, said the pandemic wiped a total of £117m from its underlying profits compared with last year. The crisis had lowered revenues, raised costs and left more homes unable to pay their bills, it added.