EDF Energy statement on capacity market auction (T-1 2018/19)
Units which secured one year agreements for the period October 2018 to September 2019 at a price of £6/KW are:
- West Burton A coal power station, unit 3
- The new 49MW battery storage unit at West Burton.
- 4 demand side response agreements totalling 12.8MW
The capacity market has been designed by Government to make sure that there is enough electricity generating capacity available to meet peak demand.
Customers benefit from the best possible price for capacity by having a range of technologies competing in the auction.
The capacity market supports EDF Energy’s investment in its 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’s coal stations play a key role in providing security of supply until they can hand over to new low carbon generation. EDF Energy has already made big investments to make its coal plants fully compliant with all current emissions and environmental regulations.
In this auction, in addition to its generating assets, EDF Energy secured agreements for a total of 12.8MW of demand side response. This involves business customers being incentivised to reduce consumption or run on-site generation at times of system stress or of peak demand. Demand side response will play an important role in balancing the electricity supply system.
EDF Energy has also successfully pre-qualified all of its existing generation capacity to participate in the capacity auction for the year starting October 2021 to be held on 6 February 2018.
For more information contact:Sue Fletcher
Senior External Communications Manager - Generation
EDF Energy is the UK’s largest producer of low-carbon electricity, meeting around one-fifth of the country’s demand and supplying millions of customers and businesses with electricity and gas.
It generates electricity with eight nuclear power stations, more than 30 wind farms, one gas and two coal power stations, as well as with combined heat and power plants.
EDF Energy is leading the UK's nuclear renaissance with the construction of a new nuclear power station at Hinkley Point C. This will provide low carbon electricity to meet 7% of UK demand. The project is already making a positive impact on the local and national economy, British industry, as well as boosting skills and education. EDF Energy also invests in a range of low carbon technologies including renewables and battery storage. It is applying research and development expertise to improve the performance of existing generation and developing the potential of new technologies.
The company provides gas and electricity for more than 5 million customer accounts and is the biggest supplier of electricity by volume in Great Britain and the largest supplier to British businesses. It offers innovative energy systems for commercial customers and digital innovation for customers at home. EDF Energy has also launched its own innovation accelerator, Blue Lab, which focuses on making customers’ lives easier.
The Better Plan is EDF Energy's framework for being a sustainable and responsible energy business and is an integral part of EDF's 2030 vision to be the efficient, responsible electricity company, and champion of low-carbon growth. The Better Plan is underpinned by comprehensive environmental and social programmes which have been recognised by a wide range of organisations.
EDF Energy is part of EDF Group, the world’s biggest electricity generator. In the UK, the company employs around 13,000 people at locations across England and Scotland.
To find out more about the UK's energy challenges visit: www.edfenergy.com/energyfuture/