The heat wave in Europe has led to considerably higher electricity prices on the stock exchange in recent days. The main reason was the heat -related throttle or closure of nuclear power stations in France and Switzerland. At the same time, small electricity was produced from wind.
The current heat wave forced the authorities of France to smother or close different nuclear power stations (nuclear power stations). The EDF electricity company reported on Monday that the golfech core center was eliminated because the cooling water became too hot from the Garonne. In Blayais the performance was reduced, in Switzerland the Axpo operator used one of the two reactor blocks in the Gesnau -core center. The second runs with a reduced performance of 50 percent.
In Austria, one kilowatt hour (kWh) cost 44 cents between 8 p.m. on Tuesday. And 9 p.m. at the Spotmarkt. In the cheapest hour between 12 and 1 p.m., however, the electricity only cost 0.3 cents as a result of photovoltaic. The prices were formed in an auction at the stock market of the European Power Exchange (Epex Spot SE).
As a rule, the electricity price for the stock market is not relevant for consumers. An exception are customers who have completed special hourly rates to take advantage of the low prices at certain times of the day. The Norwegian provider Tibber said that the top of the price was activated by “the very low wind generation and a heat -related closure of nuclear power stations in France and Switzerland”.
The extraordinarily early and massive heat is currently slightly reducing in South Europe. In France, June has been the second hotest since the start of the records. New temperature records were also set up in Austria, for example in Carinthia.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
