June 1, 2018 / 1:06 PM / 4 months ago

French rivals request additional 1.8 TWH of EDF's nuclear power for 2018 -CRE

PARIS, June 1 (Reuters) - France’s alternative power providers have requested an additional 1.8 terrawatt-hour (TWh) of power generated by state-controlled utility EDF under the Arenh market scheme, the country’s CRE energy markets regulator said on Friday.

The mechanism grants rivals access to France’s nuclear power, which is generated by 58 reactors operated by EDF, at a fixed price of 42 euros ($49) a megawatt-hour.

The CRE did not give reasons for the additional request, but said that demand under the Arenh mechanism for 2018 was at 87.1 TWh, below the annual ceiling of 100 TWh.

The French year-ahead electricity contract for 2019 delivery has been trading at record highs, above the Arenh price since April 11, buoyed by firmer carbon emissions, coal, gas and oil prices. ($1 = 0.8568 euros) (Reporting by Bate Felix; Editing by Sudip Kar-Gupta)

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