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European Power Prices Could Spike in Spring Amid Nuclear Woes

  • Benchmark German next-month electricity rises as much as 5.2%
  • EDF has cut its nuclear-output forecast amid heavy maintenance
Frankfurt at night. 

Frankfurt at night. 

Photographer: Krisztian Bocsi/Bloomberg

European electricity prices could spike again in the coming months as French reactor outages and low hydropower stocks tighten the market, S&P Global Platts said.

The region’s power and gas prices have been whipsawed this year by tensions between Russia and the West over Ukraine. While a mild winter in Europe has kept a lid on gains in recent weeks, underlying supply concerns -- such as cuts to French nuclear-output forecasts and a lack of water for power generation in southern Europe -- threaten to send prices higher.