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Concept
EDF Energy
Summary
EDF Energy is a British integrated energy company, wholly owned by the French state-owned EDF (Électricité de France), with operations spanning electricity generation and the sale of natural gas and electricity to homes and businesses throughout the United Kingdom. It employs 11,717 people, and handles 5.22 million business and residential customer accounts.
EDF Energy Customers (trading as EDF) is wholly owned by the French state owned EDF (Électricité de France) and was formed in January 2002, following the acquisition and mergers of SEEBOARD plc (formerly the South Eastern Electricity Board), London Electricity plc (formerly the London Electricity Board or LEB), SWEB Energy plc (formerly the South Western Electricity Board) and two coal fired power stations and a combined cycle gas turbine power station.
In 2009, EDF took control of the nuclear generator in the United Kingdom, British Energy, buying share capital from the government. This made EDF one of the largest generators in the United Kingdom.
The Development Branch of EDF was formed in April 2004, bringing together the separate infrastructure interests of what were LE Group, SEEBOARD and SWEB. The focus for the Branch is development activity through the participation in major new infrastructure projects, largely in the public sector through Public-private partnership (PPP) and Private Finance Initiative (PFI) type schemes.
The electricity distribution (or downstream) networks formerly known as EDF Energy Networks were sold in November, 2010 to Hong Kong-based Cheung Kong Group (CKG), owned by billionaire Li Ka Shing. Later, EDF Energy Networks was renamed to UK Power Networks. In December 2014, EDF sold three small United Kingdom based wind farms with a combined capacity of 73 megawatts to the China General Nuclear Power Group for an estimated £100 million.
In November 2017, EDF sold its majority stake in five wind farms across Cambridgeshire and Lincolnshire for £98 million.
A release from EDF confirmed that in 2018 the firm lost 200,000 consumers due to them shopping around a competitive marketplace.
Official source
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