The buyer is publishing the contract documentation to meet the government transparency commitments.
Estimated length of contract
£300,000,000 - £300,000,000
Location where the contract is to be carried out
Name of the buying organisation
Nuclear Decommissioning Authority (NDA)
Description of the contract
The parties entered into an ISDA Master Agreement for power, gas and carbon under which the NDA will sell the output from its generating stations to EDF Energy Plc and will purchase gas for Fellside and any carbon requirements under the EU ETS from EDF Energy Plc. The contract value will depend on the performance of the generating stations and the market price, but is forecast to be around £300m net with current planned closure data for the nuclear stations. EDF will also provide balancing and back office services to the NDA. It took effect from 1 April 2011 and shall terminate at the latest on 31 December 2014.