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Energy risk –

French power supply problems could hit UK COMMODITY RISK MANAGEMENT & TRADING Energy Risk News 10 July 2009 : London Unusually high temperatures last month put a third of France’s nuclear power stations out of action, forcing the country to import electricity from the UK. According to Chris Bowden, CEO of energy and carbon advisors Utilyx, the UK may face similar crises in years to come.Bowden says higher temperatures in summer periods can increase UK demand significantly because of increased use of air-conditioning. This, along with accidental and planned power plant outages, could “dramatically reduce” supply margin.”The UK must not become complacent and believe that France’s crisis call for electricity is limited to France alone,” says Bowden. “Nuclear power currently accounts for about a fifth of the UK’s total electricity generation so our own security of supply could also be at risk during hot weather.”

Energy risk – – risk management, trading, finance, commodities in the global energy market

July 11, 2009 - Posted by Christina Macpherson | business and costs, UK | antinuclear, nuclear costs, radioactive, uranium