EDF may erase hopes of new nuclear power plants in UK

19/04/2013 13:00 Electricity Market


The U.K. government is seeking to restore nuclear energy as part of a program to limit its carbon emissions and has been in talks with French state-controlled EDF, the world's largest nuclear operator, to build as many as four new reactors.

Meanwhile EDF has announced that it is preparing to let the talks to fail because of a disagreement over the price of electricity, the definite minimum amount that the company will receive every time it produces a unit of electricity, for its proposed power plant at Hinkley Point in Somerset. EDF declared that it wouldn’t go ahead with the project without the state guaranteeing returns over a 30-year period. EDF plans to build two reactors made by Areva SA at Hinkley Point, about 240 km west of London on the southern edge of the Bristol Channel. The units would have a total capacity of 3,260 megawatts, which should be enough to provide power to about 5 million homes for 60 years.

ENA brings more flexibility to the grid with contract update

02/03/2021 08:53:00

The Energy Networks Association (ENA) has updated its standardised flexibility contract used across the energy sector to offer more transparency and increase accessibility.


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.