In response to the UK Government’s request in March this year to continue contingency contracts, EDF and Drax have confirmed that their coal units will not be available for another winter and have begun decommissioning.
EDF has secured partnerships with LCP Delta and Landis + Gyr to explore how to use various low-carbon technologies such as heat pumps, storage products and EVs, to reduce electricity demand and energy bill costs.
The Department of Energy Security and Net Zero (DESNZ) has asked National Grid ESO to explore the potential of extending the contingency coal contracts into next winter, but all five units will be unavailable.
The UK and France have signed an energy-based partnership that could see electricity interconnection capacity between the two countries increase by up to two thirds.
In this week’s edition of Current± Price Watch – powered by Enact – we take a look at the caution suggested by the high T-1 Capacity Market clearing price, the changing face of nuclear in Britain and the saving seen by industrial participants in the ESO’s Demand Flexibility Service.
French energy giant EDF’s UK branch posted an annual profit of £1.12 billion despite the state-controlled company having recorded annual losses of around £16 billion.