EDF Energy statement on capacity market auction
Units which secured one year agreements for the period October 2020 to September 2021 at a price of £22.50/kW were:
- Nuclear power stations at: Dungeness B, Sizewell B, Hinkley Point B, Heysham 1, Heysham 2, Hartlepool, Torness, Hunterston B
- West Burton B Combined Cycle Gas Turbine power station
- West Burton A coal power station, units 1, 2 and 4
- Gas turbines at West Burton A coal power station
49MW of new battery storage at West Burton secured a 15 year agreement for the period from October 2020 to September 2035.
The following units did not secure agreements:
- West Burton A, unit 3
- Cottam, units 1,2,3 and 4
The capacity market supports EDF Energy’s investment in its nuclear, gas and coal generating plant. In particular, it underpins EDF Energy’s substantial investment in its low carbon nuclear power stations. This has helped improve their performance, expected lifespan and reliability, making a critical contribution to the UK’s security of supply.
EDF Energy believes Capacity Market rules should be fair for all technologies. For that reason it welcomes OFGEM’s review of embedded benefits announced earlier this month.
EDF Energy has also successfully pre-qualified all of its existing generation capacity to participate in the capacity auction for the year starting October 2017 to be held in January 2017.
EDF Energy is one of the UK’s largest energy companies and the largest producer of low-carbon electricity, producing around one-fifth of the nation's electricity from its nuclear power stations, wind farms, coal and gas power stations and combined heat and power plants. The company supplies gas and electricity to over 5 million customer accounts and is the biggest supplier of electricity by volume in Great Britain.
EDF Energy’s safe and secure operation of its eight existing nuclear power stations at sites across the country makes it the UK’s largest generator of low carbon electricity. EDF Energy is also leading the UK's nuclear renaissance and has published plans to build four new nuclear plants, subject to the right investment framework.
These new plants could generate enough low carbon electricity for about 40% of Britain’s homes. They would make an important contribution to the UK’s future needs for clean, secure and affordable energy. The project is already creating business and job opportunities for British companies and workers.
Through Our Better Energy Ambitions, EDF Energy has developed one of the biggest environmental and social programmes of any British energy company.
In 2014 EDF Energy received seven ‘Big Ticks’ in the Business in the Community (BITC) Responsible Business Awards. In 2013 EDF Energy received the Environmental Leadership for Behavioural Change Award in the national Environment and Energy Awards and was highly commended in the first ever pan European Corporate Social Responsibility Awards scheme for its Sustainable Schools programme – the Pod.
EDF Energy is part of EDF Group, one of Europe’s largest power companies. The company employs around 14,000 people at locations across the UK.
To find out more about the UK's energy challenges look at www.edfenergy.com/energyfuture/