Major gas distributors have enjoyed a dramatic increase in their operating profit margins over the last 15 years

Major gas distributors have enjoyed a dramatic increase in their operating profit margins over the last 15 years

The operating profit margins of distribution network operators for electricity and gas, 2002–22

Electricity distribution networks

Gas distribution networks

44%

50%

15%

51%

31%

49%

43%

51%

41%

2002–6

2007–11

2012–16

2017–21

2022