EDF Energy extends life of two UK power plants to 2023
British Gas owner Centrica has welcomed the announcement by French power giant EDF Energy to extend the life of two UK power stations by seven years.
British Gas owner Centrica has welcomed the announcement by French power giant EDF Energy to extend the life of two UK power stations by seven years.
Hinkley Point B power station in Somerset and Hunterston B in North Ayrshire will continue to generate until 2023, instead of 2016, EDF announced on Tuesday.
The decision follows completion of the necessary technical, safety and economic evaluation and receipt of the relevant external consents, Centrica said.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
EDF owns 80% of Lake Acquisitions, which operates eight nuclear power stations in the UK. Centrica holds the remaining 20% interest.
The French power group is also hoping to build a new nuclear project at the Hinkley site but is waiting on government approval. Centrica also has a 20% option for this project.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyers
Rachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?
Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap