nuclear-news

EDF nuclear power builder is one big winner in UK’s subsidy in energy capacity auction

£1bn subsidy in energy capacity auction will boost coal and nuclear power, Guardian, Terry Macalister, 19 Dec 14 Government wanted new gas-fired power stations to be built but 68% of the capacity is to be provided by existing power stations.  Consumers will need to stump an extra £1bn a year in 2018 to encourage power stations to stay open and keep the lights on, the government confirmed on Friday.

A “capacity market” auction undertaken this week by National Grid has ended with a price of £19.40 per kilowatt (kW) being agreed as a subsidy.

EDF, the owner of the UK’s existing nuclear fleet, is one of the major provisional winners but other “big six” firms such as E.ON, npower and SSE have also succeeded……………….

EDF’s nuclear fleet is also providing 16% of the capacity. This will also be a bonus for Centrica which owns 20% of this EDF-operated business. Centrica has also had two gas stations included. 45% comes from gas fired plants and less than half a percent by those promising demand side reduction………….http://www.theguardian.com/business/2014/dec/19/uk-energy-auction-coal-nuclear-generation

December 20, 2014 - Posted by Christina Macpherson | politics, UK