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Market Chatter: France Faces 27 GW Nuclear Power Output Drop on Friday

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Around 27.7 gigawatts of nuclear power capacity are expected to be offline in France on Friday due to heatwave-related outages, maintenance work, technical issues, and fuel saving measures, cutting nuclear availability to its lowest in three years, Reuters reported Thursday, citing data from LSEG Power Research.

Elevated temperatures alone could trim up to 9.4 GW off France's nuclear power on Friday, with six reactors projected to be offline, impacting around 15% of the total capacity, according to EDF data cited by the news agency.

Power prices have climbed due to lower supply, with the French day-ahead contract for Friday rising to its highest since June 23 at 154.50 euros ($178.31) per megawatt hour, according to the report.

Electric utility EDF did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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