nuclear-news

EDF terminates nuclear electricity supply contracts,

EDF terminates nuclear electricity supply contracts, WNN ,03 June 2020 French utility EDF has notified three energy suppliers – Alpiq, Gazel Energie and Total Direct Energie – of the termination of their contracts under a mechanism that allows rival suppliers to buy electricity produced by EDF’s nuclear power plants. The suppliers had sought to invoke the force majeure clause in their supply contracts with EDF…….

EDF announced today that it had terminated the ARENH contracts it has with Alpiq, Gazel and Total Direct Energie, as provided for in the contracts when an interruption occurs for a period of over two months.

“The COVID-19 health crisis and the emergency measures introduced by public authorities on 17 March 2020 led to a decline in electricity consumption by non-residential clients, impacting all market players, including EDF,” the company said. “Faced with this decline in electricity consumption, some suppliers decided to revoke their contractual commitments citing force majeure to reduce the volumes bought last November as part of the ARENH contract.”…… https://www.world-nuclear-news.org/Articles/EDF-terminates-nuclear-electricity-supply-contract

June 4, 2020 - Posted by Christina Macpherson | business and costs, France