EDF Energy to Extend Operating Life of 4 UK Nuclear Plants

EDF Energy to extend operating life of four UK nuclear power plants

EDF Energy said the company plans to extend the lifecycles of four nuclear power plants in the U.K. before shutting them down.

EDF Energy said it will extend the closure dates for Heysham 1 and Hartlepool by five years to 2024, and Heysham 2 and Torness by seven years to 2030. Two government policies in the works have given EDF the confidence to push back the scheduled closure dates of the plants. The Carbon Price Floor encourages generation from low carbon sources like nuclear, while the Capacity Market ensures the U.K. has the power it needs.

“In today’s extremely challenging market conditions, our belief that Government policy will be maintained and strengthened gives us the confidence to invest in our nuclear stations,” said Vincent de Rivaz, CEO of EDF Energy. “This gives customers the best value low carbon electricity available.”

EDF did not make a final decision on the Hinkley Point C project, but said that final steps are “well in hand” to begin construction soon.

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