France-EDF’s rivals have requested 130.41 TWh of nuclear power for 2024 – 01/12/2023 at 7:22 p.m.

EDF’s competitors requested 130.41 terawatt-hours (TWh) of nuclear electricity from the public group for 2024 during a subscription window relating to regulated access to historic nuclear electricity (Arenh), the Energy Regulatory Commission (CRE) announced on Friday.

The Arenh system, which must be replaced at the start of 2026 by new regulation in order to protect consumers from price shocks, allows EDF’s rivals to buy up to 100 TWh per year of nuclear electricity volumes from it. a favorable price of 42 euros per megawatt-hour (MWh) to supply their own customers.

As demand has exceeded the ceiling of 100 TWh, alternative electricians – such as Engie ENGIE.PA or TotalEnergies TTEF.PA – will have to supplement their purchases by sourcing from the wholesale market at higher prices, which must then be passed on in the calculation of regulated prices.

The government, which has already limited increases in bills for French consumers due to the European energy crisis, against a backdrop of war in Ukraine, has however indicated on several occasions that the increase in electricity prices planned for early 2024 would not exceed 10 %.

(Reporting by Benjamin Mallet; edited by Nicolas Delame)

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