European electricity prices soar as France cuts nuclear forecast

Power prices surged in Europe after the continent's biggest producer reduced its atomic energy target twice in a single month.

Photo: Jean-Philippe Ksiazek/AFP/Ritzau Scanpix

By Jesper Starn, Francois de Beaupuy & Rachel Morison, Bloomberg News

European electricity prices jumped after the region’s biggest producer cut its nuclear output target for a second time in a month, the latest sign that this winter’s energy crisis is far from over.

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