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French Power Prices Spike To €3,000 Per Megawatt-Hour Following Cold Snap ...Middle East
A cold snap swept across France Monday morning, forcing the country's electricity grid manager to request businesses and households to reduce power consumption as energy prices spiked. This is happening as half of the country's nuclear reactors are offline, and parts of Europe are preparing for Russian natural gas supplies to dry up. The fragility of Europe's power grid is on full display today, even as spring arrives. French power prices spiked to 3,000 euros, a 13-year high, due to an increase in heating demand as grid operator RTE requested…
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