Wind

Nuclear outage lifts French weekend price

Saturday, February 11, 2012

PARIS, Feb 10 (Reuters) - French weekend prices jumped early on Friday as a second unplanned nuclear outage within 12 hours caused panic in the market about a supply shortage, but prices for next week were steady as warmer weather was expected to ease demand pressure.

French baseload power for Saturday delivery traded nearly twice as high as in the neighbouring German market at 100.00 euros, after EDF's 1,300 Cattenom 2 nuclear reactor went offline unexpectedly overnight, tightening supply margins already under strain from high winter demand.

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