Deepening problems in France’s nuclear power sector are threatening to increase energy bills for UK consumers this winter because of a squeeze on the supply of imported electricity. Safety concerns over the resilience of certain components has led to the shutdown of several French reactors, cutting the amount of French electricity available for export across the English channel. Britain has relied on imports for more than 7 per cent of its electricity so far this year, most of it through subsea interconnectors with the French and Dutch power grids. France’s problems have already caused power price spikes in continental Europe as the country has had to increase its own imports of electricity from Germany and other neighbours to fill its supply gap.
FT 28th Oct 2016 read more »