EDF Approved to Provide Alternative Energy Suppliers With Electricity
Posted on: Wednesday, 12 December 2007, 06:00 CST
The French competition authority has ratified and enforced EDF's commitment proposals to provide alternative energy suppliers with electricity volumes of 1,500MW, or around 10TWh per year, over a 15-year period, at prices enabling them to compete effectively on the free mass market.
EDF said that the commitment procedure reflects its willingness to take part in the development of competition in the residential and business markets. Over the initial five-year period of 2008 to 2012, the company has put forward an average supply price of E42 per MWh for base-load electricity. This price, fixed at E36.8 per MWh for the first year, gradually increases until 2012.
For the second 10-year period, it is expected that the price will cover the costs of the European pressurized reactor (EPR) in Flamanville. It is also thought that these volumes will be allocated through three invitations to tender, based on an open auction procedure in 2008 and 2009, to all alternative energy suppliers.
The auctions will be based on the price that buyers, at the end of the first five years, will be willing to pay, to get electricity at the EPR cost for a further 10-year period. The minimum capacity accessible to each buyer is 1MW. EDF said that it will implement its commitments as soon as possible.
Source: Datamonitor
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