Belgium Nuclear Halts Boost Power Premium on Supply Risk
This article is for subscribers only.
Belgian power prices are soaring on concern that two nuclear reactors will remain shut into next year, potentially threatening supplies to factories.
The premium for Belgian wholesale costs for the fourth quarter over those in the Netherlands closed at a record yesterday, while the spread with France widened almost sixfold in the past month, according to broker data compiled by Bloomberg. If halts at GDF Suez SA’s Doel-3 and Tihange-2 are extended into winter, the nation would be “structurally dependent” on imports, Elia System Operator SA said yesterday.