ANALYSIS – Due to a series fault, twelve reactors are shut down. The market predicts a very tense upcoming winter.
A heavy upgrade program, the disruptions linked to the Covid, and now a series defect. EDF’s fleet of nuclear power plants has never been so unproductive as in recent months. Half of the 56 French reactors are currently shut down. An unprecedented situation, occurring at the worst of times. Already scalded by the threat of an embargo on Russian gas, which supplies power plants in particular, players in the sector are worried that EDF will not be able to restart the twelve reactors that have been shut down before next winter. a serial defect detected last December.
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This fear specifically fuels the French electron price. The megawatt hour for delivery in the first quarter of 2023 reaches 545 euros, compared to 274 euros in Germany or 251 euros in Belgium – the price of electricity for the last quarter of 2022 reaches the same levels. The French price is completely decorrelated from the electricity production costs. Gas-fired power plants…
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