French Grid Issues Are Causing Power Prices to Soar in Europe
- Day-ahead prices in Germany are well above French levels
- Grid constraints are likely to reoccur during late-summer
This article is for subscribers only.
Grid limitations in parts of France are constraining power exports, pushing up prices in neighboring countries.
The capacity for transmitting electricity to Belgium, Germany, Switzerland and Italy has been reduced since early March, according to French power-grid operator RTE. That’s depriving those nations of exports of cheaper French nuclear power and boosting wholesale prices across the region. The constraints should be resolved by early May, according to RTE, but more curbs are likely from mid-August.