Centrica expects power boost as EDF extends nuclear fleet lifespan

BRITISH Gas owner Centrica expects to boost its electricity generation volume with another six terawatt hours between 2024 and 2026, following EDF's decision to extend the lifespan of two nuclear power stations.

This equates to roughly 70 per cent of Centrica's total nuclear power volume in 2022.

EDF revealed last week that the Heysham 1 and Hartlepool nuclear power stations are now expected to close in March 2026, two years later than originally planned.

Centrica holds a 20 per cent stake in the UK's nuclear plants through a joint venture with EDF Energy's parent company - which is now owned by the French state.

Chris O'Shea, chief exec of Centrica, said: "I'm delighted we've been able to work with EDF to strengthen the UK's energy security by extending the life of these critical power stations."