November 29, 2019 / 5:14 PM / 7 days ago

EDF's rivals request 147 TWh of French nuclear power for 2020

PARIS, Nov 29 (Reuters) - French alternative power suppliers have requested 147 terawatt hours (TWh) of utility EDF’s nuclear power generation for 2020 through the ARENH auction window, the energy market regulator CRE said on Friday.

Under the so-called ARENH mechanism, EDF’s rivals have the right to buy up to 100 TWh, or about a quarter of its annual nuclear output, at a fixed price of 42 euros ($46.29) per megawatt hour (MW).

The scheme is aimed at giving them fair access to cheap nuclear energy.

The CRE said that because demand was higher that the 100 TWh ceiling, all the 73 suppliers will each receive around 68 percent of what they requested.

$1 = 0.9073 euros Reporting by Bate Felix; Editing by Maya Nikolaeva

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