French 'Shocked' As Power Prices Spike To 8-Year Highs On Nuclear Reactor Probe Shutdown
Thursday, October 27, 2016 at 04:03PM
Uranium Stocks

The scale of forced closures in nuclear power-reliant France - 19 reactors offline and 12 more due to shut - is the biggest since the Fukushima disaster in 2011, after French nuclear safety watchdog ASN warned its sprawling probe into forged quality control reports on reactor parts would turn up more irregularities. These deepening setbacks have sent French power prices soaring to 8 year highs and are expected to spike more into the winter...

As Bloomberg reports, French power prices for next-month delivery, already at the highest in eight years, are set for a record increase in October amid expectations that prolonged maintenance at Electricite de France SA’s nuclear reactors will expose further anomalies after manufacturing problems in components came to light.

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