In September France drastically increased energy production from fossils, reaching a 32 years peak. The aim is to support demand, since nuclear energy production decreases. Electricity production from coal and gas plants in France rose by over 100% since Electricite de France had to temporarily stop the reactor for inspection. With the increase, was reached the level of coal usage for electricity in 1984 and the energy prices for the month reached their highest levels since 2009.
French nuclear energy worried the market participants, as the lack of exports from France supports TPPs and raised the analysts forecast for electricity produced from coal by almost 5 TWh for 2017.
The EDF’s nuclear reactors have produced 26.6 TWh in September, the lowest level since August 1998, which led to increased use of electricity from coal and gas power plants. Now can be observed a clear trend of increasing the share of this energy since April, which amounted to 4,132 GWh, or 11% of total works.
The number of nuclear reactors in France decreased by 7 against the same period last year, after EDF needs more time to carry out an inspection of 18 of its 58 reactors. The check of all nuclear reactors was ordered by the state regulator of nuclear energy. EDF reduced its targets for nuclear energy produced in the year after it emerged that security checks will take longer than was expected.
The French contracts on energy supplies for November are traded at a premium of 24.9 EUR per MWh for Germany. The price climbed to a seven-year high of 68.15 EUR per MWh on October 7. In trade rate day ahead, the price of electricity jumped by 18% to 77 EUR per MWh, which is the highest level since April 2013.
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