Energy suppliers defend pricing despite government criticism June 1, 2015 Energy secretary Amber Rudd has told the “big six” energy companies to cut bills for consumers, saying the firms can no longer claim they are burdened by the promise of a Labour-led price freeze. Rudd sent letters to the six suppliers – British Gas, EDF Energy, E.On UK, npower, Scottish Power and SSE – on [...]
400 jobs cut at EDF’s Hinkley nuclear power station project April 2, 2015 French power giant EDF has cut 400 contractors' jobs at the £16bn Hinkley Point C power station. In a statement, the company said because negotiations with potential investment partners have been delayed, it was not prepared to keep investing in the project – although it will continue to make preparations for the next phase of [...]
EDF becomes the last of the “big six” to cut gas prices January 27, 2015 EDF has become the last of the "big six" energy suppliers to cut gas prices. In a statement today, the company said it will cut prices by 1.3 per cent from 11 February, benefiting about a million customers. The company added that further falls in the price of wholesale gas will be passed on "as [...]
Boxing for Buhinga: City lawyers from HSBC, Credit Suisse, Taylor Wessing, EDF and Baker & McKenzie don gloves for charity match November 23, 2014 Lawyers are known for their ferocity inside the courtroom, but rarely do we get to see them bare their teeth outside. Well, thanks to Baker & McKenzie senior associate Matt Totman, now we do. Saturday night saw the Boxing for Buhinga event take place at The Brewery and with it, 16 City lawyers pulling [...]
European Commission approves EDF’s Hinkley Point nuclear plant project October 8, 2014 The European Commission has approved EDF's £16bn nuclear plant project Hinkley Point after revised plans were submitted that brought it “in line with EU state aid rules”. The body approved the plans after the UK government agreed to “significantly modify the terms of the project financing”, it announced this morning. Under the revisions, the [...]
EC to decide on EDF’s £16bn Hinkley Point nuclear plant project today October 8, 2014 The European Commission is to decide today whether controversial plans to build a government-backed nuclear power plant in Somerset will go ahead. Proposals for the £16bn Hinkley Point plant, which will be built by French energy giant EDF, are being examined by the EC to establish whether the deal constitutes illegal aid. If [...]
Who wants Scotland to be independent? CBI and EDF are latest to call for United Kingdom September 16, 2014 Two business big-hitters last night joined a chorus of calls urging Scottish voters to stick with the United Kingdom instead of voting for independence tomorrow. Both the Confederation of British Industry and EDF Energy urged Scots to consider the risks of a Yes vote, as campaigning north of the border reached fever pitch. In a [...]
EDF Energy nuclear reactors may be out until end of year fuelling winter blackout fears September 4, 2014 Fears of power blackouts in the UK this winter due to possible shortages in energy supply were heightened yesterday, after major energy supplier EDF revealed four reactors at its nuclear power plants might not come back online until the end of the year. The UK subsidiary of the large French energy company said four nuclear [...]
EDF Energy told to pay £3m by Ofgem for for failing to handle customer complaints correctly August 22, 2014 EDF Energy has been ordered to pay £3m to vulnerable customers by energy watchdog Ofgem after an investigation into the way customer complaints were handled. Ofgem found the energy giant did not correctly deal with complaints from customers between May 2011 and January 2012. The investigation began after a 30 per cent rise in complaints [...]
EDF Energy shuts down four UK nuclear reactors after boiler defect August 11, 2014 Energy giant Centrica, which owns a 20 per cent stake in EDF Energy’s nuclear operations, yesterday warned that its earnings per share would be lower this year after a boiler defect caused its French peer to shut down four of its ageing reactors in the UK. EDF said it found an “unexpected” defect on a [...]