Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

France's grid operator: EDF strikes could have heavy consequences for winter supply

Published 18/10/2022, 13:39
© Reuters. FILE PHOTO: A flag with the company logo of Electricite de France (EDF) and a French flag fly next to the EDF power plant in Bouchain, near Valenciennes, France, September 29, 2021. REUTERS/Pascal Rossignol

PARIS (Reuters) - France's national grid operator RTE warned on Tuesday that prolonged strikes delaying the restart of some reactors at nuclear power group EDF (EPA:EDF) could have "heavy consequences" for the country's electricity supplies over the coming winter.

RTE cut its forecast range for power availability for this month and the first half of November based on the blockade at some of EDF's reactors so far, compared to a previous report it released in September.

RTE is still maintaining its expectation that France's nuclear power production will rise to between 40 and 45 gigawatt (GW) in December and January from 25-30 GW at the end of October.

But it noted that the strikes, which have delayed the planned restart of some reactors from two to three weeks, already raised a question mark on power availability for the month of November.

"A prolonged social movement would have heavy consequences for the key part of the winter," it said.

RTE added however, that the electricity consumption in France, adjusted for weather conditions, had fallen by 3-4% in September compared to the first six months of the year, due to a slowdown in economic activity and soaring energy prices which have forced some businesses to shut down or delay production.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.