"Although nuclear and hydro activities were impacted by this negative volume effect, these assets captured higher prices leading to a positive price effect in FY 2022, which was partly offset by higher Belgian nuclear and French hydro taxes (including inframarginal rent cap)," added Engie in a statement.

(Reporting by Sudip Kar-Gupta and Piotr Lipinski; Editing by GV De Clercq)