London — Strikes by workers at two nuclear plants in France, combined with hydro plant outages, reduced French generation capacity by some 2.2 GW early Tuesday, triggering supply fears amid an ongoing cold snap.
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Зарегистрироваться сейчасThe Penly 2 nuclear plant's capacity was reduced to 410 MW from 1.33 GW, while the Cruas 4 plant's capacity was cut by 735 MW to 180 MW, according to grid operator RTE.
The strike action at Penly 2 and Cruas 4 was due to end at 2 pm local time (1300 GMT).
EDF's strike action warnings and capacity constraints added supply pressures to the French system along with lower renewables forecast and below average temperatures, sending day-ahead power prices soaring to two-year highs.
On the over-the-counter market, the French day-ahead baseload power price rallied to Eur119.90/MWh, the highest since the spot contract was settled on EPEX Spot exchange at Eur121.10/MWh on January 25, 2017.
Sharper gains were registered by the peakload contract in temperature-sensitive France, which rose to Eur148/MWh on the OTC market, the highest since it was valued at Eur170.40/MWh on November 14, 2016.
EDF had said Monday that industrial action could hit its hydro generation, with RTE saying early Tuesday that hydro capacity was cut by 370 MW.
An unplanned outage at the Revin 2 hydro plant also reduced capacity by 202 MW to zero Tuesday.
--Stuart Elliott, stuart.elliott@spglobal.com
--Anuradha Ramanathan, anuradha.ramanathan@spglobal.com
--Edited by Daniel Lalor, newsdesk@spglobal.com