David Edmonds
speaker
143 appearances
1 recordings
1 series
first heard Jul 2026
last heard 14 Jul
David Edmonds’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
Yeah, so EDF is big utility, lots of different services and products that we offer.
And a PPA or power purchase agreement is one that's very key to renewable developers in particular and generators to allow them to get access to market and sell the power that they're going to generate.
So we're offer different types of products that take on different risks depending on what the the needs are of the developer and the generator.
That goes right from a fully fixed price.
So we will give you a pound per megawatt hour price, no matter how much you generate, when you generate it.
And we will take on all the risk with that right the way through to a fully passed-through product where we will either give you a day-a-head index price or even a cash-out index price to say if you generate, you will get exactly the price that is there in the market at the time you're generating.
And all those costs will be passed through.
Now there's a different risk reward balance there for developers.
If they sign the fully fixed product, then they're getting complete certainty.
They know exactly what they're going to earn.
They can forecast uh what their total revenues will be over a period of time, but they might have to pay a bit in terms of a fee to that to uh account for the risk that we are taking on as an off-taker and for us to manage our risk position against that.
Whereas if you take a fully past through product, it might be a more efficient price in many ways.
But there can be a lot of variability in earnings for the developer.
Yes, I mean put simply, it's the biggest risk premium we have to price in across any contract that we sell as a pound per megawatt value.
So it might not be in terms of pounds because we won't take that risk on for loads and loads of volume.
But as a pound per megawatt hour value, it is the single biggest item that that goes onto a contract.
Also, if we look back over the last few years, the level of variability in the cost outturn that there's been has been huge.
And that makes it quite difficult to manage, particularly short term financial outcomes that we've got.
We've already taken a load of contracts on.
We've placed those bets over the long run and how much they'll outturn.
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