Nuclear operator to cut O&M costs by 5% by 2018

June 30th, 2016, Published in Articles: Energize

 

Nuclear Energy Insider reports that Electrabel, Engie’s Belgian subsidiary, is to reduce operation and maintenance costs by 5% by 2018. Engie, formerly GDF Suez, launched a short term programme in June to implement US AP 913 performance standards at Electrabel’s seven Belgian nuclear power plants in order to improve equipment reliability and reduce maintenance costs.

European average day-ahead power prices. A new maintenance strategy will use a component classification system to prioritise operations and reduce the risk of plant outages as low wholesale prices pressure margins. European nuclear power operators are under pressure to improve the economic performance of plants amid low wholesale prices and rising renewable energy capacity. The European average day-ahead power prices dipped significantly in 2014 to below 2009 levels, but appear to be improving.

 

 

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