French Power Hits 900 Euros as Nuclear Outages Amplify Crisis
- Energy prices across Europe are smashing previous records
- Continent is being hit by hydro squeeze, Russian gas cuts
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The cost of French power jumped to a fresh record as its nuclear fleet faces further outages going into what’s set to be a very expensive winter.
Futures soared 15% to 900 euros per megawatt-hour -- more than 10 times the price at this time last year.