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French day ahead power at highest since Feb 2012 on nuclear
October 19, 2016 / 8:11 AM / a year ago

French day ahead power at highest since Feb 2012 on nuclear

FRANKFURT, Oct 19 (Reuters) - French day-ahead power <TRFRBD1. on Wednesday jumped on concern that supply from utility EDF will lag rising demand as the weather gets colder.

The baseload position for Thursday was at 88 euros ($96.70) a megawatt hour (MWh) at 0800 GMT, up 15.5 euros from Tuesday’s close and the highest level since February 2012.

“It is a question of whether there is enough power, but the French producer is keeping its cards to its chest,” a trader said. “Clarity is needed.”

The French regulator has demanded that additional tests at 5 reactors be brought forward this winter, but EDF has assured it has enough production to meet winter demand. .

French day-ahead demand will rise 0.6 gigawatts on Thursday at 55.4 GW, Thomson Reuters data showed. ($1 = 0.9100 euros) (Reporting by Vera Eckert, editing by Louise Heavens)

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