EDF statement on capacity market auction (T-1 2021/22)
The latest capacity market auction – designed to secure capacity for the year ahead - cleared today at £45.00/kW
The provisional results show the following EDF units secured one-year agreements for the period October 2021 to September 2022:
- 2 Pivot Power new build units (Cowley and Kemsley) have provisionally been awarded one-year agreements.
The following EDF units did not secure agreements:
- All 6 units at West Burton A
Securing low carbon supplies for the UK
The capacity market aims to secure electricity supply at least cost to customers. It is an important source of income for EDF’s generation business and supports future investment in our power stations and other assets. This investment has made a critical contribution to the UK’s security of supply.
The energy mix in the UK is changing. EDF is investing significantly in new nuclear, renewable generation and battery storage, as well as helping customers to use energy more efficiently.
The future of coal
West Burton A, has capacity agreements in place for the Delivery Year ending in September 2021 and we continue to consider all options for the station beyond this date.
About EDF in the UK
EDF in the UK is leading the transition to a cleaner, low emission electric future, tackling climate change and helping Britain reach net zero. It is the UK’s largest producer of low-carbon electricity, meeting around one-fifth of the country’s demand and supplying millions of customers with electricity and gas.
It generates low carbon electricity from eight nuclear power stations, more than thirty onshore wind farms and two offshore wind farms, and operates one of Britain’s biggest battery storage units, one gas and one coal power station, EV charge-points, and combined heat and power plants.
EDF is leading the UK's nuclear renaissance with the construction of a new nuclear power station at Hinkley Point C, and plans for new power stations at Sizewell C in Suffolk and Bradwell B in Essex. Hinkley Point C 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 as well as boosting skills and education.
EDF also invests in a range of low carbon technologies including renewables, solar and battery storage. The company’s largest offshore wind farm is currently being built in Scotland and the 450 MW Neart na Gaoithe project will be ready in 2023. It is applying research and development expertise to improve the performance of existing generation and developing the potential of new technologies.
EDF is helping its customers, both in business and at home, to join generation electric and take their first steps to sustainably powering their lives. Whether it is buying an electric car, generating and storing electricity or selling energy back to the grid – everyone is welcome. EDF is one of the largest suppliers to British business and a leading supplier of innovative energy solutions that are helping businesses become more energy independent. In addition, the company’s energy services business, Imtech, is one of the largest technical service providers in the UK and Ireland.
EDF in the UK 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.