EDF Energy generated its highest amount of nuclear power in UK in 8 years

14/02/2014 00:53


The French state-controlled company EDF Energy has announced that last year it has generated its highest amount of nuclear power in the UK for the last eight years, increasing its earnings by 1.4 per cent to £1.69bn from £1.67 in 2012, driven by the performance of its eight nuclear power stations. According to the company’s annual results, the nuclear power output rose by 0.5 TWh attaining 60.5 TWh in 2013.

The company revealed last year its intention to invest £16 billion in a plan aiming the construction of a new nuclear site at Hinkley Point C in Somerset, but the project encounters some obstacles counting a state aid approval by the European Commission, which started an inquiry on the scheme on December last year. EDF Energy has also announced that it hopes to extend the life of its nuclear plant Dungeness B until 2028. EDF, which currently provides energy to about 3.9 million households, being one of the so-called Big Six UK energy suppliers, augmented its domestic tariffs by 3.9% as of January, a lower increase in comparison to many of its competitors. EDF Group, parent organization of EDF Energy, controls the major civil nuclear fleet worldwide, with existing and planned nuclear power stations in France, UK, US and China. At present, EDF Energy holds and operates 15 nuclear plants at eight nuclear power stations in the UK, at a total capacity of almost 8.8 million kW, which is a large proportion, knowing that the UK's total installed electricity generation capacity from all energy sources attains almost 85 million kW.

French Feb nuclear falls to record low as maintenance season starts early

02/03/2021 08:47:00

Average French nuclear generation fell to a record low in February of 45 GW, down 5.5% on the year, grid operator data showed March 1.


Daily (01.03.2021): Oil prices fell on Friday amid strong U.S. dollar, concerns of stronger supply, but notched weekly gains

01/03/2021 11:10:00

Oil prices fell on Friday amid a stronger U.S. dollar and concerns that crude oil supply would rise in response to prices rebounding above pre-pandemic levels. Hence, Brent crude declined by 75 cents, or 1.1%, to settle at $66.13 a barrel. Meanwhile, U.S. WTI crude settled $2.03, or 3.2%, lower at $61.50 per barrel. However, on a weekly basis, Brent surged by 5.1%, while WTI soared by 3.8% and both hiked by 20% in February on supply disruptions in the United States and optimism over demand recovery on the back of COVID-19 vaccination rollout.


Germany receives 200 hydrogen project applications in IPCEI call

01/03/2021 08:39:00

Germany's energy ministry has received around 200 hydrogen project proposals seeking funding under the Important Projects of Common European Interest (IPCEI) program, it said Feb. 25.