Centrica and EDF extend operations at four nuclear power stations

Energy suppliers and EDF have announced the extension of the lives of four operational nuclear power stations, which they say will help maintain grid stability in the UK.
The advanced gas-cooled reactor stations at Heysham 1 and Hartlepool are now expected to generate electricity until March 2027, one year later than planned, while generation at Heysham 2 and Torness has been extended by two years to March 2030.
The extensions will add 45 terawatt-hours in total, equivalent to 9TWh at Centrica's 20% share.
The extensions will support the UK's net zero ambitions and give Centrica time to develop other zero-carbon dispatchable electricity generation options, such as new nuclear and hydrogen fired generation, it said.
"At a time when energy security is uppermost in people's mind, I'm delighted that we're able to extend the operating window of the UK's nuclear fleet, which is critical to UK security of supply and the country's net zero ambitions," said Centrica's chief executive Chris O'Shea.
"In an energy system that is becoming ever more intermittent, baseload power generation that doesn't depend on the sun shining and the wind blowing is essential to keeping the lights on."
Centrica said it is it possible that additional extensions might be made following further reviews.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.