FRANKFURT – German utility E.ON stated on Wednesday it had bought 78% of 2022 output from its Isar 2 nuclear plant forward of the reactor’s closure on the finish of the 12 months.
Presentation slides for its 2021 monetary outcomes report confirmed 2022 era volumes for Isar 2 in E.ON’s non-core PreussenElektra unit had been bought at 56 euros ($61.47) per megawatt hour (MWh) as of Dec. 31, 2021.
Hedging charges of ahead era volumes are tracked by merchants and analysts to evaluate what provide is tied up with counterparties and the worth of future manufacturing.
E.ON’s nuclear manufacturing in 2021 from Isar 2, a 1,400 megawatt (MW) plant capable of energy the equal of a metropolis, had fetched 49 euros/MWh.[POWER/DE]
Over-the-counter costs for German round the clock energy from all standard power sources to be delivered in 2023 closed at 162 euros/MWh on Tuesday, in response to Refinitiv Eikon knowledge [EL/DE].
Present costs are sky-high because of a mix of power shortage and gasoline provide worries particularly, which have spilled into associated markets.
Germany’s transfer to part out nuclear energy, which can even entail RWE‘s Emsland plant and EnBW’s Neckarwestheim 2 shutting at year-end, has been referred to as into query because it seeks to chop provides from Russia after its invasion of Ukraine.
However Berlin stated final week that prices and dangers of extending nuclear energy outweighed restricted advantages.
E.ON rival Uniper just lately detailed some hydropower and nuclear costs hedges within the area.
($1 = 0.9111 euros)
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