French Power Prices Gain on Signs of Corrosion at More Reactors
- EDF had already found similar issues at five reactors
- Drop in nuclear output is hurting the utility’s finances
The Cattenom nuclear power station in Cattenom, France.
Photographer: Alastair Miller/Bloomberg
This article is for subscribers only.
French power futures rose to their highest level this year after Electricite de France SA found further indications of corrosion on its nuclear fleet, potentially worsening Europe’s supply crisis.
French nuclear capacity is already at its lowest in a decade for this time of year as the energy giant is keeping some of its 56 reactors offline for lengthy checks and repairs, on top of planned maintenance and refueling. EDF has said it doesn’t expect a material rebound in output next year either.