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ELECTRICITY

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EDF confirms 2023 nuclear output target range of 300-330 TWh

(Montel) EDF has confirmed its forecast for a nuclear output target range of 300-330 TWh this year, its CEO said on Friday, after earlier posting a sharp decrease in production for 2022.

The group’s new CEO, Luc Remont, confirmed in a meeting with analysts that production forecasts for 2023 remained unchanged at 300-330 TWh, as EDF “progressively exits corrosion probes”.

France’s nuclear output plummeted by 22.6% year-on-year in 2022, down 81.7 TWh to 279 TW, EDF said earlier, citing lower nuclear fleet availability amid inspections and reactor repairs.

Last November, EDF cut its full-year French nuclear output estimate to 275-285 TWh, down from 280-300 TWh previously, due to 10-year maintenance schedules and strikes, as well as extended outages at four nuclear reactors.

The French utility’s nuclear generation slumped to a 33-year low in 2022 as the country became a net power importer for the first time since 2001, according to data previously released from TSO RTE.

EDF posted an operating loss of EUR 19.36bn for 2022 due to the record low nuclear output and government caps on energy bills, it said in a statement this morning.

Updates story published at 08:49 CET with target range confirmation.