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Eon hedges 90% of its 2022 nuclear generation at EUR 78/MWh


10 Aug 2022 05:55

10 Aug 2022 05:55

(Montel) Eon subsidiary Preussen Elektra had hedged 90% of this year’s nuclear power generation in Germany by 30 June, at a price of EUR 78/MWh, the company said on Wednesday.

At the same time last year, the company had hedged 96% of its output for 2021, at a price of EUR 45/MWh. The company’s Isar 2 reactor, which is scheduled to be decommissioned at the end of this year, has output of around 11 TWh per year.

Utilities generally slow down their hedging activities at a time of rising prices to benefit from the potentially higher…

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