Skip to content

Europe’s Power Crunch Shuts Down Factories as Prices Hit Record

  • French nuclear outages push European power prices higher again
  • Energy costs spur Europe’s top aluminum smelter to curb output
The EDF-operated Nogent nuclear power plant in France, on Dec. 21.

The EDF-operated Nogent nuclear power plant in France, on Dec. 21.

Photographer: Cyril Marcilhacy/Bloomberg
Updated on

European power climbed to a fresh record as France faces a winter supply crunch, with heavy industries forced to curb production across the region.  

Electricity for delivery next year jumped to an all-time-high in both Germany and France, two of the biggest economies in the European Union. France, facing outages at nuclear plants, will need to suck up supplies instead of exporting power to neighboring countries.