France's Lowest Hydro Levels for 10 Years Add to Nuclear Woes
- Power prices are trading at 50 percent above 2015 levels
- Hydro generation seen falling as reactors return to grid
This article is for subscribers only.
France’s lowest water reservoir levels in a decade are helping to bolster power prices that are 50 percent above last year’s levels even as a reduction in nuclear supply is expected to ease.
Hydropower generation is forecast to be the lowest for 10 years this month, according to consultants Pira Energy Group. It’s already 1.4 gigawatts below last year’s levels.