EDF Energy
| Use attributes for filter ! | |
| Parent organizations | Électricité de France |
|---|---|
| Headquarters | London |
| United Kingdom | |
| Ceo | Simone Rossi |
| Number of employees | 13,331 |
| Founders | Vincent de Rivaz |
| Subsidiaries | EDF Energy Plc |
| EDF Energy Renewables Limited | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 875303 |
About EDF Energy
EDF Energy is an integrated energy company in the United Kingdom, with operations spanning electricity generation and the sale of gas and electricity to homes and businesses throughout the United Kingdom. It employs 13,331 people, and handles 5. 7 million customer accounts.
Smart meters: Almost three million still not working
... Ms McCracken said Edf Energy took more than £900 out of her account on two occasions with no warning, " leaving me with my £500 overdraft fully taken"...
Hinkley Point C construction worker killed in 'traffic incident'
... Edf Energy confirmed the death after emergency services were called to the site at about 08:30 GMT on Sunday...
Renewable energy: Government plans for price cap is risky, firms warn
... The plans could hit the profits of energy companies including SSE, Scottish Power, RWE and Edf Energy...
Volunteers are helping lower bills for those on low incomes
... Ms Ives says that since November the service has helped locals save a potential £35,000 - via a government emergency vouchers scheme; hardship grants from energy companies like British Gas, Edf Energy and SSE, plus goodwill payments following complaints to suppliers - money, she says, wouldn t have come through without some expert in-person support...
Government pledges £100m for Sizewell nuclear site
... Edf Energy chief executive Simone Rossi welcomed the announcement...
New funding plan paves way for Sizewell C nuclear plant
... However, contractor Edf Energy has been adamant that lessons learned on previous projects - and the fact that it is building an identical plant at Hinkley Point - have largely mitigated those risks, says BBC business editor Simon Jack...
Renewable energy: Government plans for price cap is risky, firms warn
By Simon JackBusiness editor
The government is set to cap The Price of electricity from older renewable and nuclear facilities as early as This Week , The Bbc understands.
The plans could hit the profits of energy companies including SSE, Scottish Power , RWE and Edf Energy .
Firms are concerned that further Price limits could upset the UK's reputation for a stable regulatory environment and deter future investment.
Currently, electricity older facilities produce is linked to The Price of gas.
This is different from newer facilities, which produce power at an agreed Price .
In years gone by, electricity produced by gas had been the cheapest - But this is no longer the case.
In fact, those nuclear and renewable producers are making very significant excess profits because The Price of gas has rocketed, But their costs of production have not.
These profits have prompted calls for a windfall Tax on them.
This Was looked at by the Treasury under former Chancellor Rishi Sunak , But was ultimately rejected as it was very complex and energy producers argued it sent a perverse message about investment in renewables.
Also, The Problem with a windfall Tax is that while it addresses The Profit , The Price doesn't come down.
If you cap The Price - Then profits, prices and therefore inflation comes down. The latter is a key attraction to the government, which has £500bn of debt.
The electricity producers are lobbying hard against this and warn that An Intervention like this has several risks.
Firstly, it will reduce the incentive for energy retailers to buy in Advance - creating a less predictable, more volatile market.
Secondly, they have already sold most of what they expect to produce this year and next.
Any government haste to tinker with contracts already signed could cause market disruptions at a time when the volatile economic weather can magnify see market dislocations into major crises, energy firms said.
Some energy bosses said they would actually prefer a windfall Tax - with one mentioning he would be happy to pay Tax at 25% rather than the current 19% and pointed out that the oil and gas companies are able to reduce their Tax burden by 91% for every pound they invested.
One said that it " would be perverse to impose higher effective taxes on renewables than on oil and gas companies. "
The electricity producers are trying to protect their profits But the government is equally determined to find a way to lower bills and inflation.
If it does cause market chaos and deters future investment, the industry will say the government has been warned.
Source of news: bbc.com
