adplus-dvertising
Hot Stories

EDF: the bill for the forced shutdown of nuclear reactors increased by 5 billion & More Latest News Here

 

Posted Sep 15, 2022, 11:00 AMUpdated on Sep 15, 2022 at 6:31 PM

The number is abysmal. This Thursday, EDF announced that the bill for the forced shutdown of its reactors in 2022 would reach 29 billion euros. In its latest estimate dating from July, the EDF group evoked a drop in its gross operating surplus (Ebitda) of 24 billion euros. But since then, electricity prices have continued to soar and new delays in the commissioning of reactors have been announced.

Such a shortfall is completely unprecedented in the history of EDF. To realize the scales, in 2019, before the Covid-19 disrupted the maintenance schedule for the reactors, EDF achieved an Ebitda of nearly 17 billion euros for a turnover of 71 billion euros.

Infernal mechanics

For EDF the mechanics are infernal. Faced since the end of 2021 with a problem of stress corrosion, an unprecedented generic defect which strikes its most recent reactors in France, the group had to shut down at least twelve of its reactors as a preventive measure. However, the energy company sells in advance the electricity that it considers capable of producing in the coming year. In 2022, when electricity prices continued to soar following the enormous fluctuations of the gas market manipulated by the Kremlin, the group therefore had to buy back electricity at exorbitant prices on the markets. wholesale to serve its customers.

Aggravating fact: in the middle of the summer, EDF had to announce a postponement of the commissioning of four reactors affected by this stress corrosion phenomenon. The group mentioned several difficulties, in particular the work taking longer than expected. The consequence: EDF will have to buy back more electricity than expected on the wholesale markets in 2022. However, in August, when Gazprom was again tightening the tap on its deliveries in Europe, electricity prices reached a peak. unprecedented, well over 1,000 euros per MWh in Europe.

Deflated prices

To arrive at this figure of 29 billion, we must also add the impact of a decision taken by the public authorities at the start of the year, to the chagrin of EDF. To cushion the shock of the rise in electricity prices in France, the group was asked to increase by 20 TWh the nuclear electricity quotas sold at knockdown prices in France under the Arenh mechanism.

However, good news has slipped into the EDF communication published today. The group has confirmed its nuclear electricity production forecast for 2022. Although this is historically low, it is nevertheless essential if we are to hope to spend the winter without any problems. Furthermore, this confirmation is essential to bring down the fever that has gripped the electricity markets because several market players, including the transmission system operator RTE, do not believe that EDF is able to meet its promises.

How to decipher the evolutions of our time?

Ecological transition, inflation, political crises, innovative companies… The news, sometimes brutal or stimulating, is a reflection of our evolving societies. To understand these changes, “Les Echos” is a daily working tool. Thanks to our 200 specialized journalists, we support you every day to shed light on economic, political and international news. Our surveys, analyses, chronicles and editorials are all resources made available to our subscribers to fuel their strategic thinking and help them decipher the complexity of our times.

I discover the offers

EDF: the bill for the forced shutdown of nuclear reactors increased by 5 billion
& Latest News Update

I have tried to give all kinds of news to all of you latest news today 2022 through this website and you are going to like all this news very much because all the news we always give in this news is always there. It is on trending topic and whatever the latest news was

it was always our effort to reach you that you keep getting the Electricity News, Degree News, Donate News, Bitcoin News, Trading News, Real Estate News, Gaming News, Trending News, Digital Marketing, Telecom News, Beauty News, Banking News, Travel News, Health News, Cryptocurrency News, Claim News latest news and you always keep getting the information of news through us for free and also tell you people. Give that whatever information related to other types of news will be

EDF: the bill for the forced shutdown of nuclear reactors increased by 5 billion
& More Live News

All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get

all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue

to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.

EDF: the bill for the forced shutdown of nuclear reactors increased by 5 billion
& More News Today

All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward

The Article Is In French🡽

Back to top button