French power incumbent EDF will be unable to finance new nuclear plants unless investment is secured under long-term power contracts, a company official told ICIS in a recent interview. “The electricity prices that we see today do not allow us to invest in or simply generate electricity,” energy policy advisor Florent Jourde, of EDF’s European affairs division, told ICIS in Paris. With almost 20 years experience at EDF, Jourde said that despite the closure of thermal power plants in the years to come, current market signals into the 2020s do not suggest a price that would allow for new investments, at least not without a “meaningful carbon price”. “The European Commission is pleased that the short-term market is working well, but it has not addressed the issue of long-term investment in low-carbon technologies,” said Jourde. “And I don’t think it will look at it,” he added.
ICIS 28th April 2017 read more »