Bloomberg: Power Surges to Record as Europe Scrambles to Keep Lights on
(Bloomberg) -- Electricity prices surged to a fresh record as Europe scrambles to keep the lights on in France, the region’s second-biggest market.
France, usually an exporter of power, is boosting electricity imports and even burning fuel oil. The crunch comes after Electricite de France SA said it would halt four reactors accounting for 10% of the nation’s nuclear capacity, straining power grids already coping with cold weather.
A total of six oil-fired units where turned on in France on Tuesday morning, according to filing with Entsoe. “It’s illustrating how severe it is when they’re actually starting to burn fuel oil and importing from all these countries,” said Fabian Ronningen, an analyst at Rystad Energy.
“All the unexpected maintenance is also causing extremely high cost of supply, which is reflected in the market prices.”
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Update: Europe On Edge Of Energy Disaster As Power Prices Smash All Records (Zero Hedge)
WNU editor: And today is "officially" the first day of winter.
The biggest winner in this crisis is Russia's Gazprom, enjoying the envious position of record profits while exporting less natural gas .... Russia’s Gazprom reports record earnings amid global gas crisis (The Guardian).
3 comments:
Brought to you by the treasonous group known as Media and Merkel who for years have pulled our legs with this democracy bullshit
There's no democracy in Germany
They're lying to us like they're lying to you
It's a scam
They are all in on it and the great reset is happening here too to silence all those people who believed in human rights forever
Death to traitors
Death to tyrants
Trump offered Europe energy security with American LNG and Germany led the way in telling him to fuck off.
Now Putin has their energy interests near and dear to his heart. Now the SPD and their Putin loving chancellor run Germany.
For the USA it’s high time to work outside NATO with countries that are critical to US interests and want to confront Russian aggression. A far smaller number than the number in NATO.
Shrug. Thank the leadership.
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