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Free AccessFrance Risks Power Cuts This Winter: RTE
The French grid operator once again warned of power cuts in France this winter, amid low nuclear availability according to RTE.
- In a bid to avoid blackouts, the French government has called for businesses, local governments, and households to conserve energy. Should RTE foresee an electricity shortage, it will launch an “Ecowatt” red alert three days in advance to call for users to reduce consumption in a bid to avoid rotating power cuts”, RTE president Piechaczyk said on Radio Classique Monday.
- “We remain in a situation of particular vigilance. If it’s hot, you won’t hear about red Ecowatt. If it’s very cold, you’ll hear a lot of them, and if we’re in an average, median, normal winter, it will be a few units of red Ecowatt”, he said.
- RTE will update its assessment for the next four weeks on 18 November, he added.
- EDF earlier this month revised down its nuclear output estimates in France to 275-285TWh, from 280-300 previously estimated.
- French power prices for this winter have been trading at a premium to neighbouring countries such as Germany due to electricity supply risks.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.