07.10.16 Winter power prices up due to nuclear safety tests

Posted on October 7, 2016
Archive : October 2016
Category : Energy News

EDF, those wonderful people who are bringing you Hinkley Point, has cut its nuclear output projections due to safety tests at some of its reactors in France to check that they are not affected by the same problem recently uncovered at its Normandy Flamanville 3 reactor, which is still under construction. It is believed that as many as 18 of EDF’s reactors could undergo the safety tests with additional maintenance which would involve them being shut down. This news has caused so much concern over the power supply in key European markets ahead of the winter that prices saw the biggest rise in 15 years, with France suffering a 17% increase. So what's all this got to do with the UK? Well in anticipation of these power shortages and an increase in demand for gas there has already been a knock-on effect on our wholesale gas prices of some 5%. So watch this space and throw another log on the wood burner while you're at it.

Source: Utility Week – to read the complete Utility Week article please click here

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