Iberdrola profits shock!

Spain's second largest electricity producer has announced 1st quarter profits almost tripled. They attribute this to overseas expansion and higher power prices at home. Maybe also benefiting from operating under monopoly conditions  in many areas I suppose!

Net income rose from €458m to €1.9b - spectacular!

Less impressive:

-they still can't operate a supply system that doesn't trip out at the first sign of a storm!

-bills mostly arrive after they've had your money!

-changing billing details seems always to need doing at least twice!