EDF to build and operate nuclear reactors in UK

14/10/2013 11:27 Electricity Market

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The U.K. government and Electricite de France SA are close to announcing a great deal that would see France's EDF Energy building the country's first new nuclear power station since 1995. The project could have a total cost of more than 22.4 billion dollars and would be built on the west coast of England.

The British government and EDF have agreed on a strike price which has been one of the most intangible factors in the negotiations, being around £90-£95 per megawatt hour. U.K. authorities have sustained EDF’s plan to build two nuclear reactors at Hinkley Point in Somerset, arguing that the country must renovate its power-generation capacity while curbing its carbon emissions. EDF could work in partnership with Chinese group China Guangdong Nuclear Power Holding Co., as they are in talks with CGNPC for about a year.

Daily (18.09.2020): European carbon prices fell by more than 5% on Thursday due to stronger selling

18/09/2020 14:15:00

Oil prices rose for the third consecutive day on Thursday, following OPEC’s meeting which had a positive influence on market. However, oil market is still kept under pressure, due to higher supply and flagging demand. Hence, Brent crude soared by nearly 2.6% to $43.30 a barrel. While the American WTI crude gained 2% to settle at $40.97 a barrel.

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Nuclear essential to hydrogen future

18/09/2020 08:50:00

Untapped options for clean hydrogen - including the use of advanced modular reactors - can put the world back on the pathway to meeting the Paris climate goals, according to a new report from energy research and consultancy firm LucidCatalyst. The report says the clean energy transition from oil to hydrogen-based fuels could be achieved with a global investment of USD17 trillion, spent over 30 years from 2020 to 2050.

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WindEurope seeks clear policy for offshore hybrids

18/09/2020 08:44:00

Trade body calls on EU to enable projects that connect into multiple power markets

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