On the occasion of the EDF General Meeting, we asked several questions of its directors, by official way. Issues whose stakes are several billion euros and directly concern the shareholders, employees and taxpayers. We are still waiting for clear and transparent answers. 1. How much will nuclear waste management really cost? 2. How much will the extension of aging nuclear plants really cost? 3. How much will the Flamanville EPR cost? Last disappointment: a group of experts from the Nuclear Safety Authority (ASN) concluded that EDF could not leave eight defective welds that are difficult to access. According to them, EDF will have to start work, which would cause further delays. Pending the decision of the ASN on this subject, what commitments does EDF provide for the repair of faulty cracks? What will be the cost and the schedule? Has EDF already initiated the pre-repair actions (including ordering parts) as requested by ASN? 4. Who will pay the nuclear debt?
Greenpeace France 16th May 2019 read more »
39 key questions from Greenpeace France to EDF on radioactive waste, submitted 16 May.
Greenpeace France 16th May 2019 read more »
On the eve of EDF’s General Shareholders’ Meeting on Thursday, May 16th, 2019, Greenpeace is worried about the future of the group led by the French nuclear industry, which is forcing the state to renationalise part of its activities. The announced restructuring is being prepared in a context in which EDF is experiencing financial and technical difficulties due to nuclear power: new delays at the Flamanville EPR site, risky investments in Hinkley Point reactors in the United Kingdom and rising costs park maintenance, decommissioning or waste management.
Greenpeace 15th May 2019 read more »
Big six supplier EDF Energy has posted a €76 million drop in revenue in the first quarter of 2019 compared to the same time last year. Posting its Q1 results today (14 May) EDF said the 4.2 per cent decrease in organic terms was mainly due to the decline in nuclear generation, to a lesser extent the suspension of the capacity market and to the introduction of the default tariff cap.
Utility Week 16th May 2019 read more »
French state-owned utility EDF will protect its minority shareholders in any possible restructuring of its capital and will seek a reform of nuclear energy regulation, CEO Jean-Bernard Levy told shareholders on Thursday. He also again insisted heavily on the need to reform power market regulation, notably the ‘ARENH’ mechanism under which EDF has to sell a quarter of its nuclear output to its competitors at a fixed price of 42 euros per megawatthour. “There is a pressing need to improve the regulation of our nuclear energy … the asymmetrical regulation of the sale of nuclear electricity at a price that has not moved since 2011 is a major threat to the company,” he said.
Reuters 16th May 2019 read more »