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Affected by the decline in wind power output and the reduction in nuclear power generation, France had to use more expensive natural gas power plants to generate electricity, and electricity prices soared to the highest level since the worst phase of the energy crisis in 2022. According to the auction results of the European Electricity Exchange Epex Spot, electricity prices closed at 253 euros per megawatt-hour before Wednesday. Grid operator RTE estimates that France's average wind power output on Wednesday was less than 3 gigawatts, less than half of the average so far in October. The current surge in electricity prices indicates that when renewable energy generation weakens this winter, Europe may frequently experience similar high prices. As the mainstay of Europe's electricity system, the decline in the availability rate of nuclear power plants in France has further exacerbated supply constraints. The load rate of the country's 57 nuclear reactors was 64% on Tuesday, which is significantly lower than the same period last year.
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Affected by the decline in wind power output and the reduction in nuclear power generation, France had to use more expensive natural gas power plants to generate electricity, and electricity prices soared to the highest level since the worst phase of the energy crisis in 2022. According to the auction results of the European Electricity Exchange Epex Spot, electricity prices closed at 253 euros per megawatt-hour before Wednesday. Grid operator RTE estimates that France's average wind power output on Wednesday was less than 3 gigawatts, less than half of the average so far in October. The current surge in electricity prices indicates that when renewable energy generation weakens this winter, Europe may frequently experience similar high prices. As the mainstay of Europe's electricity system, the decline in the availability rate of nuclear power plants in France has further exacerbated supply constraints. The load rate of the country's 57 nuclear reactors was 64% on Tuesday, which is significantly lower than the same period last year.
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