EnergyWatch

French nuclear trouble triggers bouncing electricity prices

A large portion of France's 59 nuclear power plants were put offline last month. This triggers abnormal price hikes in European electricity and provided the UK with the unfamiliar role of exporting electricity.

Photo: Carolyn Kaster/AP/Ritzau

France's nuclear power industry is down for the count, and no one knows how long the problems will last. Doubts regarding the steel quality on several French nuclear power plants – owned and operated by utility EDF – have led French authorities to temporarily close 19 nuclear reactors. Another 12 reactors are suspected of containing the weak steel and will likely also be inspected and hit by consequential temporary shutdowns.

The dramatic development in France, which has escalated in the past month, has triggered the largest fluctuations in European electricity prices since the nuclear crisis at the Fukishima plant in Japan led to an emergency shutdown of German nuclear power plants in 2011.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs