France will restart all reactors in the winter. Do high prices push you to risk?
France's energy minister said on Friday that state-owned EDF will restart all of its nuclear reactors this winter, more than half of which are currently closed for maintenance or technical problems.
Pannier-Runacher spoke after President Emmanuel Macron held a special cabinet meeting to address the country's energy supply situation, coordinate efforts to reduce consumption and prepare contingency plans in case the country faces a lack of energy.
“EDF has committed to restarting all its reactors for this winter,” Agnes Pannier-Runacher said at a press conference. We recall that currently 32 out of 56 reactors are down for scheduled or extraordinary maintenance.
Pannier-Runacher said a maximum number of reactors are now closed for maintenance to ensure they are ready and available during peak demand periods this winter.
"Starting in October, new reactors will be restarted every week," he said. “We will closely follow with EDF the reactors that have been closed due to corrosion problems”.
French electricity prices have risen to all-time highs as the market fears that France, once Europe's largest electricity exporter, will not be able to produce enough nuclear power this winter to help European neighbors seeking alternatives to electricity. Russian gas, and may even have to ration electricity to meet its needs. read more Pannier-Runacher also stated that French gas storage sites are currently 92% full and added that Russian gas supplies, while currently at a minimum, have not been completely cut off.
It is clear that forward prices for the autumn have pushed to accelerate reopenings and to push production to the maximum. This announcement will certainly have an effect on forward electricity prices, which were at their highest for winter deliveries. It is not impossible that EDF took a few more small risks to reopen everything in reverse, but having France at half power risked being a problem for all of Europe. We will now see if forward prices will drop with the announcement.
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The article France will restart all reactors in the winter. Do high prices push you to risk? comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/la-francia-fara-ripartire-tutti-i-reattori-in-inverno/ on Fri, 02 Sep 2022 16:30:01 +0000.