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ENERGY

Hundreds of thousands have no electricity

Hundreds of thousands of Germans are likely going without power simply because they can’t afford the bills, according to a North Rhine-Westphalian consumer organisation studying the problem.

Hundreds of thousands have no electricity
Photo: DPA

According to the NRW Consumer Centre, more than 300,000 people in the state were threatened with a power shut-off and 62,000 financially struggling families actually had their electricity shut off in 2010 alone, the last year for which firm statistics are available.

Of the 58 companies the organisation surveyed, three-quarters reported that customers were having problems paying their bills, according to the organisation.

“Price increases of around 15 percent for electricity and gas in the past two years have meant that energy for many households is becoming an unaffordable commodity,” said Consumer Centre head Klaus Müller.

Müller estimated that roughly 120,000 households in North Rhine-Westphalia and 600,000 nationwide are today without power because of bill non-payment.

Under German law, power companies have to take a series of legal steps before cutting off someone’s power, including warning them multiple times. There are also protections making it harder to cut off power to vulnerable people, such as the disabled. But simply being unable or unwilling to pay bills is not a valid excuse.

The Local/DPA/mdm

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BUSINESS

France’s EDF hails €10billion profit, despite huge UK nuclear charge

French energy giant EDF has unveiled net profit of €10billion and cut its massive debt by increasing nuclear production after problems forced some plants offline.

France's EDF hails €10billion profit, despite huge UK nuclear charge

EDF hailed an “exceptional” year after its loss of €17.9billion in 2022.

Sales slipped 2.6 percent to €139.7billion , but the group managed to slice debt by €10billion euros to €54.4billion.

EDF said however that it had booked a €12.9 billion depreciation linked to difficulties at its Hinkley Point nuclear plant in Britain.

The charge includes €11.2 billion for Hinkley Point assets and €1.7billion at its British subsidiary, EDF Energy, the group explained.

EDF announced last month a fresh delay and additional costs for the giant project hit by repeated cost overruns.

“The year was marked by many events, in particular by the recovery of production and the company’s mobilisation around production recovery,” CEO Luc Remont told reporters.

EDF put its strong showing down to a strong operational performance, notably a significant increase in nuclear generation in France at a time of historically high prices.

That followed a drop in nuclear output in France in 2022. The group had to deal with stress corrosion problems at some reactors while also facing government orders to limit price rises.

The French reactors last year produced around 320.4 TWh, in the upper range of expectations.

Nuclear production had slid back in 2022 to 279 TWh, its lowest level in three decades, because of the corrosion problems and maintenance changes after
the Covid-19 pandemic.

Hinkley Point C is one of a small number of European Pressurised Reactors (EPRs) worldwide, an EDF-led design that has been plagued by cost overruns
running into billions of euros and years of construction delays.

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