(Bloomberg) -- Grid limitations in parts of France are constraining power exports, pushing up prices in neighboring countries.Most Read from BloombergTaylor ...
The capacity for transmitting electricity to Belgium, Germany, Switzerland and Italy has been reduced since early March, according to French power-grid operator RTE. That’s depriving those nations of exports of cheaper French nuclear power and boosting wholesale prices across the region. The constraints should be resolved by early May, according to RTE, but more curbs are likely from mid-August.
“Whether this is a short-term problem simply relating to internal maintenance, or if this is a more persistent issue that could reoccur in the future?” Muir said. Too much power supply in one market can be difficult to balance too. European markets are struggling with lower demand since the energy crisis despite lower prices. This means supplies can overwhelm the network when it’s particularly sunny or windy, sometimes triggering negative prices.So far this month, German day ahead power is on average €40 more expensive than in France.
Daniel Muir Power Supply French Nuclear Power France Wind Farms
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