EDF CEO says French nuclear output unlikely to surpass 405 TWh due to shutdowns
PARIS, Feb 17 (Reuters) - French nuclear electricity
generation is unlikely to surpass 405 terawatt hour (TWh) in the
years ahead due to planned shutdowns of some nuclear reactors,
Jean-Bernard Levy, chief executive of utility EDF said
Levy said in an interview with French newspaper Les Echos
that the growth of the company's revenue would remain limited if
the Arenh mechanism - under which it sells nuclear electricity
to rivals in the French market - remains unchanged.
EDF operates France's 58 nuclear reactors that account for
over 75 percent of the country's electricity needs. Under the
Arenh mechanism, EDF sells 100 TWh of its annual output to
rivals at a fixed price of 42 euros ($47) a megawatt hour.
Levy said the current level of Arenh mechanism should be
raised, and a floor price introduced to ensure EDF's
profitability, while a ceiling price is also put in place to
protect consumers from volatility.
($1 = 0.8855 euros)
(Reporting by Geert de Clercq and Bate Felix
Editing by Susan Fenton)
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