German wholesale power prices for August are up sharply pointing to potential output reductions by some nuclear reactors in the country which rely on water to keep them cool, traders said on Monday. With the weather forecast to be warmer than normal in August traders see “water cooling issues” as an issue for the nuclear power plants. “The first nukes are scaling down already …… due to cooling water issues,” one trader said. August delivery German baseload power was up 3.4 percent at 49.1 euros a megawatt hour (MWh), Thomson Reuters data showed on Monday.
Reuters 16th July 2018 read more »