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France electricity prices surge past €1,000/MWh as more nuclear reactors close for winter

Wholesale electricity prices in France for the middle of winter surged
above €1,000/MWh ($A1,540/MWh) after the operator of the world’s biggest
nuclear fleet revealed more problems, and more outages at its reactors.

The surge in prices for January delivery came after the utility EdF reduced its
forecast output for the fourth time this year, on this occasion due to
extended outages at four reactors and maintenance delays at others caused
by the waves of strikes that have affected the nation this autumn. It also
dramatically reversed weeks of falling spot and futures prices as gas
stocks improved and the weather remained wild.

But as analysts noted in the height of summer, nuclear problems pose just as big a threat to the EU grid
as the gas problems.

Renew Economy 8th Nov 2022

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November 9, 2022 - Posted by | business and costs, France

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