OilPrice.com France’s nuclear power plants are undergoing repairs and extended outages, leading to a 25% decrease in nuclear power plant output this winter, an analysis from Baringa Partners LLP said, according to Bloomberg.
France, Europe’s largest power exporter, could be left scrambling to import power this winter. France typically sends power to the UK, Germany, Italy, and Spain—and could soon find those countries rivals in its quest to purchase power to sustain itself through the demanding winter months.
France generates more than 70% of its total electricity from nuclear power.
The extended outages and repairs will create a strain in the market that is in addition to the strain caused by Russia’s invasion of Ukraine and the resulting energy- and financial-related sanctions on the aggressor…
