EDF.SW - Electricite de France S.A.

Swiss - Swiss Delayed price. Currency in CHF
14.39
0.00 (0.00%)
At close: 5:35PM CEST
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Previous close14.39
Open14.39
Bid13.71 x 0
Ask14.05 x 0
Day's range14.39 - 14.39
52-week range13.38 - 15.97
Volume68,000
Avg. volume0
Market cap40B
Beta (3Y monthly)0.91
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Reuters - UK Focus

    UPDATE 1-French nuclear power generation tumbles 10.9% in November -EDF

    Nuclear power generation in France plunged nearly 11 % year-on-year in November to 29.1 terawatt hour (TWh) state-controlled utility EDF said on Friday, citing a high volume of reactor outages. Total output since the start of the year was at 346.5 TWh, down 2.2% compared with the same period last year, the company said. The utility, which operates France's 58 reactors that cover around 75% of French power needs, cut its 2019 nuclear production target on Nov.14 to between 384 TWh and 388 TWh from 390 TWh, due to prolonged outages of its reactors.

  • Should You Be Tempted To Sell Electricité de France S.A. (EPA:EDF) Because Of Its P/E Ratio?
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    Should You Be Tempted To Sell Electricité de France S.A. (EPA:EDF) Because Of Its P/E Ratio?

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  • Corbyn-Backed Tidal Power Project Needs $1.5 Million to Survive
    Bloomberg

    Corbyn-Backed Tidal Power Project Needs $1.5 Million to Survive

    (Bloomberg) -- A U.K. project to bring a pioneering tidal power plant to Wales that was tossed out by the government plans to raise 1.2 million pounds ($1.5 million) to keep the plan alive.Tidal Lagoon Power Ltd. needs the money to preserve planning permission for the pilot project designed to produce 320 megawatts of clean electricity from the rise and fall of tides in Swansea Bay. Opposition Labour leader Jeremy Corbyn has committed to building the lagoon if his party wins the election.The U.K. government rejected the 1.3 billion-pound proposal as too expensive compared with other forms of clean energy. TLP had sought subsidies per megawatt-hour of electricity generation on par with those already granted to Electricite de France SA’s Hinkley Point nuclear power project.Then Energy Secretary Greg Clark said the cost couldn’t be justified given that offshore wind farms could supply the same energy more reliably for 400 million pounds.TLP says that the world-first project would create thousands of jobs and pioneer a new manufacturing industry in the U.K. While the Conservative Party were the ones to block progress both the Labour Party and Liberal Democrats have promised to invest in the renewable energy source in their manifestos.“With the increased awareness of the climate emergency, the rationale to deliver lagoons is stronger than ever,” said Mark Shorrock, TLP’s chief executive officer. “However, we must first remove the cliff-edge from Swansea Bay Tidal Lagoon’s planning permission.”Shares are being offered at 2.50 pounds each with a minimum subscription of 500 pounds. The founding investor base has pledged a six-figure investment to start the round, TLP said.To contact the reporter on this story: Jeremy Hodges in London at jhodges17@bloomberg.netTo contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net, Andrew Reierson, Lars PaulssonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters - UK Focus

    EXPLAINER-Britain's Big Six energy suppliers to shrink to five

    Alongside Npower, the Big Six, which control about 70% of Britain's retail energy market, are Centrica's British Gas , SSE, EDF Energy, Iberdrola's Scottish Power and another E.ON-owned supplier operating under the E.ON brand. British Gas dominates with about 24 million customers. E.ON said on Friday it planned to break up Npower under a 500 million pound ($642 million) restructuring, which a union said could put up to 4,500 jobs at risk.

  • Reuters - UK Focus

    UPDATE 4-Thousands of UK jobs at risk as E.ON breaks up Npower

    FRANKFURT/DUESSELDORF, Germany, Nov 29 (Reuters) - German energy group E.ON plans a 500-million-pound ($642 million) break-up of the struggling British Npower division it inherited from Innogy, which unions said could put up to 4,500 jobs at risk. E.ON's plan includes managing Npower's residential and small and medium-size business customers on the same platform as its own, while putting Npower's industrial and commercial customers into a separate business. The rest of Npower will be closed.

  • Reuters - UK Focus

    UPDATE 1-France's EDF launches construction of Scottish windfarm

    French power group EDF, which has faced criticism in Britain over cost over-runs at the Hinkley Point C nuclear project, said it would build a new Scottish windfarm. State-controlled EDF said it would start construction of the 450 megawatt offshore Neart na Gaoithe windfarm in the North Sea, off the coast of Fife.

  • Reuters - UK Focus

    EDF launches construction of Scotland windfarm, raises $2 bln

    French state-controlled power group EDF, which has faced criticism in Britain over cost over-runs at the Hinkley Point C nuclear project, said it was launching the construction of a new Scottish windfarm. EDF said it was starting construction of the 450 megawatts offshore 'Neart na Gaoithe' (NNG) windfarm, which will be located in the North Sea, off the coast of Fife. EDF, which added it had raised $2 billion via the debt markets, said the new project would be its largest offshore windfarm in the UK to date.

  • Reuters - UK Focus

    UPDATE 2-Power firm Innogy continues to shed customers in Britain

    German energy group Innogy on Thursday said it was continuing to lose clients in Britain, where a price cap has increased pressure on the 'Big Six' energy providers. Npower, Innogy's British retail unit, lost 261,000 customers during the third quarter, bringing total customer losses to 447,000 so far this year.

  • Reuters - UK Focus

    UPDATE 6-UK's Johnson offers up new Brexit promise for Christmas

    British Prime Minister Boris Johnson promised on Sunday "to get Brexit done", with his Conservative Party making an election pledge to bring his deal to leave the European Union back to parliament before Christmas. With Britain heading to the polls on Dec. 12, the governing Conservatives rolled out an election manifesto that promised more public sector spending and no further extensions to the protracted departure from the EU.

  • Reuters - UK Focus

    UK's Johnson pitches 'Christmas present' Brexit push in manifesto

    British Prime Minister Boris Johnson will promise to bring his Brexit deal back to parliament before Christmas when he launches his manifesto on Sunday, the cornerstone of his pitch to voters to "get Brexit done". Voters face a stark choice at the country's Dec. 12 election: opposition leader Jeremy Corbyn's socialist vision, including widespread nationalisation and free public services, or Johnson's drive to deliver Brexit within months and build a "dynamic market economy". Opinion polls show Johnson's Conservative Party commands a sizeable lead over the Labour Party, although large numbers of undecided voters means the outcome is not certain.

  • Reuters - UK Focus

    French nuclear power generation fell 7.6% in Oct. -EDF

    Nuclear electricity generation from French reactors operated by utility EDF fell 7.6% year-on-year in October to 29.2 terawatt hours (TWh) on the back of increased reactor outages, the company said on Tuesday. EDF said total output since the start of the year stood at 317.3 TWh, down 1.3% compared with the same period a year ago. The state-controlled utility cut its 2019 nuclear output target in France by 1.2 percentage points to 390 TWh on Oct. 25, citing prolonged maintenance outages, but left its financial target unchanged.

  • Why Electricité de France S.A.’s (EPA:EDF) Return On Capital Employed Looks Uninspiring
    Simply Wall St.

    Why Electricité de France S.A.’s (EPA:EDF) Return On Capital Employed Looks Uninspiring

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  • The U.K. Should Keep Its Fracking Ban for Good
    Bloomberg

    The U.K. Should Keep Its Fracking Ban for Good

    (Bloomberg Opinion) -- The U.K. government’s temporary fracking moratorium should turn into a permanent ban. Allowing shale gas extraction makes sense only when a country is still phasing out coal, and then only under certain conditions. But the U.K. is almost finished with coal, and fracking can only postpone its transition to clean energy.The Conservative government has banned the drilling of new wells that use hydraulic fracturing — a technology that involves pumping liquids, chemicals and sand into bedrock formations to crack them and free up natural gas or oil. This follows a report commissioned by the U.K. Oil and Gas Authority that has linked earth tremors to fracking activity by Cuadrilla Resources Ltd., one of the companies developing shale gas in Britain. The risk of earthquakes arises when fracking is used close to geological faults, and these are hard to detect beforehand with current technology.The U.K. government’s move is a pre-election turnabout: The Conservatives have always backed fracking, but it is unpopular with locals pretty much everywhere it’s used, including in the U.S., the technology’s greatest proponent and beneficiary. In the U.K., 40% of the population — the highest share since 2013 — say they're opposed to fracking, while just 12% support it. But public attitudes shouldn’t be the only reason to impose a fracking ban.As she announced the drilling moratorium, Energy Secretary Andrea Leadsom spoke of “the huge potential of  U.K. shale gas to provide a bridge to a zero carbon future.” But, almost regardless of all the earthquake- and water-supply-related concerns, that potential is highly questionable.When it comes to carbon emissions, natural gas is certainly preferable to coal. But the U.K. has almost eliminated coal-fired power plants. Last month, Electricite de France announced that it had shut down its Cottam coal plant, which had provided power to 3 million homes. Most of the few remaining coal-burners are scheduled to close. According to the U.K. Office of Gas and Electricity Markets, coal’s share in the country’s electricity-generation mix reached just 0.5% in the second quarter of 2019.The case made for shale in the U.K. and elsewhere has less to do with moving to clean energy than with importing less natural gas. As conventional gas production on the U.K. continental shelf has declined, imports have been increasing.The idea is that by developing its own shale gas, the U.K. could increase its energy security and drive down energy prices. But thanks to the shale boom in the U.S. and the recent growth in global liquefied-natural-gas exports, it’s unlikely the U.K. will ever experience a gas shortage — and today’s prices are the lowest in almost a decade. Besides, a growing export dependence isn’t necessarily bad. Germany, which banned commercial natural gas fracking in 2017, believes in the concept of natural gas as a bridge to a cleaner energy future and intends to displace coal with gas, not just wind and solar. But it would rather increase imports (thus the country’s staunch support for Nord Stream 2, a Russian natural gas pipeline project fiercely opposed by the U.S. and a number of eastern European countries) than face fracking-related protests. In the immediate future, shale can boost employment — but if a country is serious about its climate goals, it’s a bad idea to let an entire new industry develop and then have to shut it down and incur the costs of compensating its employees for the loss of jobs. This process is already costing billions in the German coal industry. Imports, meanwhile, can be phased out at little political cost. In a recent paper, Katheline Schubert and Fanny Henriet of the Paris School of Economics showed that, in most cases, allowing shale-gas production will slow a country’s switch to clean, renewable energy. Shale gas is cheap, and once it displaces coal it’ll be hard to phase it out. In U.S. power generation, increased consumption of natural gas since 2009 is almost equal to the decrease in use of coal. A ban on fracking, supported in the U.S., for example, by Democratic presidential candidate Elizabeth Warren, would require that the country quickly develop a renewables industry to cover that deficit — a costly project to say the least. The Netherlands appears to have embarked on a similar crusade, though. There, a moratorium on fracking runs until 2020 but is highly likely to be extended, despite a still-significant share of coal in the generation mix; the Dutch government plans to drive down the share of gas in the mix from 55% last year to 30% by 2030, and extracting more gas wouldn’t serve that purpose.But the U.K. doesn’t even have to make that difficult choice; it already has a cleaner energy mix than the U.S., Germany or the Netherlands. When France banned fracking in 2011, it didn’t just give in to voters’ fears of tremors and water contamination. It defended its power generation mix, which currently consists of 66% nuclear, 27% renewables and just 5% gas.The U.K. should ban fracking permanently — and not just because of the tremors. In that sense, the Liberal Democrats and Labour, who support a full ban, are on firmer ground before the December parliamentary election than the Conservatives.To contact the author of this story: Leonid Bershidsky at lbershidsky@bloomberg.netTo contact the editor responsible for this story: Mary Duenwald at mduenwald@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Leonid Bershidsky is Bloomberg Opinion's Europe columnist. He was the founding editor of the Russian business daily Vedomosti and founded the opinion website Slon.ru.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Reuters - UK Focus

    UPDATE 1-France's EDF buys UK electric vehicle infrastructure firm Pivot Power

    French state-controlled energy group EDF has agreed to buy Pivot Power, a British start-up company that specialises in battery storage and infrastructure for electric vehicle charging points. EDF, which did not disclose the financial terms of the acquisition, said the deal would allow it to become a leader in the fast-growing field of battery storage. Pivot Power is looking at means to host a battery capable of exporting 50 megawatts (MW) of power and to provide support for hundreds of fast electric vehicle chargers, which could be suitable for large retail sites, logistics centres, and bus depots.

  • Reuters - UK Focus

    EDF Energy extends outages at UK's Dungeness B21, B22 nuclear reactors to end of January

    * EDF's EDF Energy has extended outages at its Dungeness B21 and B22 nuclear reactors in Britain to around the end of January, its website shows. * Dungeness B-21 reactor went offline in September 2018 and was scheduled to come back online in November. * Dungeness B-22 reactor went offline in August 2018 and was scheduled to come back in December.

  • Reuters - UK Focus

    UPDATE 2-UK regulator looks to cut costs of new Hinkley Point grid link

    British energy market regulator said it would grant National Grid 637 million pounds ($803.38 million) to build the transmission link for the Hinkley Point C nuclear plant, lower than the company's initial request for 717 million pounds. Ofgem said on Tuesday consumers will save money under its plans to reduce National Grid Electricity Transmission's (NGET) funding request to connect the new Hinkley Point C nuclear reactor to the grid. The regulator's move comes after EDF said last month that its Hinkley Point C nuclear plant could cost up to 2.9 billion pounds more than its last estimate, and face further delays.

  • Should You Buy Electricité de France S.A. (EPA:EDF) For Its Dividend?
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    Should You Buy Electricité de France S.A. (EPA:EDF) For Its Dividend?

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  • Reuters - UK Focus

    UK employers slam $249 bln cost of Labour renationalisation plans

    A British employers' group criticised on Monday what it said would be the "beyond eye-watering" cost of the opposition Labour Party's plans to return utilities, train companies and the Royal Mail to public ownership. The Labour Party has moved sharply to the left under its leader Jeremy Corbyn, and although it lags the ruling Conservatives in opinion polls, Brexit turmoil and the likelihood of an early election could see it take power. The Confederation of British Industry said Labour's plans would have an upfront cost of 196 billion pounds ($249 billion), assuming Labour paid the full market value of companies involved - similar to a 176 billion-pound estimate made last year by the pro-privatisation Centre for Policy Studies think tank.

  • Reuters - UK Focus

    CORRECTED-EDF ready to replace Flamanville reactor cover by 2024

    French utility EDF is ready to replace the steel cover of its Flamanville 3 reactor vessel by 2024 as required by nuclear regulator ASN, despite new delays to its start-up date, an EDF official said on Wednesday. In June 2017, the ASN ruled that EDF would be allowed to start up the long-delayed reactor in late 2018 provided it committed to replacing the flawed component by the end of 2024 at the latest because of weak spots in the steel. Earlier on Wednesday EDF increased the reactor's projected cost by 1.5 billion euros to 12.4 billion euros - about four times the original estimate - and said that it now expects to load nuclear fuel into the reactor at the end of 2022.

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