Dow Jones Newswires: EDF cuts nuclear-output outlook once more following staff’ strikes

Dow Jones Newswires: EDF cuts nuclear-output outlook once more following staff’ strikes

Electricite de France SA expects current strike motion and upkeep work at a few of its reactors to tug nuclear output for the yr, including to an power squeeze forward of the winter.

EDF
EDF,
-0.04%
,
which is slated quickly to be absolutely nationalized by the French authorities, stated late Thursday that it now sees 2022 nuclear output at some 275-285 terawatt hours, towards a earlier expectation for 280-300TWh. The diminished outlook comes following strike motion that delayed upkeep work at a few of its reactors earlier within the fall, in addition to outage extensions at reactors being repaired for corrosion issues, EDF stated.

Nuclear output for 2023 and 2024 remains to be estimated at 300-330TWh and 315-345TWh, respectively, EDF stated.

The utility has been compelled repeatedly to slash manufacturing and earnings steering for the yr after corrosion was found on pipes at its reactors, at a time when Europe’s power provides are already below stress from a lower in natural-gas deliveries from Russia. Final month, transmission-system operator RTE warned that the strike motion by reactor staff demanding increased wages may endanger nationwide electrical energy provide this winter.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

Read More

Read Previous

Zamfara: PDP ladies chief defects to APC

Read Next

Dow Jones Newswires: Telefonica backs goal, dividend because it brings in $10.08 billion in income

Leave a Reply

Your email address will not be published. Required fields are marked *