The European gas price exploded records on Monday, exceeding the bar of 300 euros per megawatt hour, while it was 192 on Friday and 17 euros a year ago.
Fears of a shortage of Russian gas, following the sanctions imposed on the invading country of Ukraine, are putting pressure on the market.
Electricity prices are also rising to new highs. On the futures market, the price of German electricity for delivery next month rose 54% to an all-time high of 650 euros per megawatt hour.
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THERE IS NO HOPE W/O RUSSIAN GAS for EUROPE AND ESPECIALLY FOR FRANCE !
LOOK AT THE EDF DISASTER IN FRANCE
EDF IS DOOMED !
A 50 BILLION USD DEBT
A 31 BILLION USD LOSS,DUE TO BUYING POWER, IN BULK FROM EU, TO SELL AT LOWER RATES TO RETAIL, DUE TO POWER OUTAGES
A 11 BILLION USD LOSS DUE TO MACRON RETAIL ENERGY PRICE CAPS
26 OF ITS 56 BWR AND PHWR, ARE DOWN !
THERE IS “NO PROBLEM” OF “EDF’s nuclear reactor restart programme.”
EDF HAS MADE 1 MONUMENTAL BLUNDER ! EDF ENGINEERS TINKERED WITH THE WESTINGHOUSE DESIGNS – WITH THE AIM OF REDUCING COSTS ! THAT CAUSED SCC (STRESS CORROSION CRACKS) IN PIPE WELD POINTS, AT THE ELBOW,WHICH ARE CLOSE TO THE NUKE CORE !
THESE PIPES ARE PART OF THE SIS – WHICH INJECT BORATED WATER INTO THE CORE,TO COOL DOWN * SHUT DOWN THE REACTOR ! THE MOST CRITICAL COMPONENT OF A STANDBY SECURITY MODE IN CASE THE PRIMARY COOLANT SYSTEM FAILS ! SCC IS NOT CAUSED BY THERMAL STRESS AND CANNOT BE DETECTED BY ULTRASOUND
EDF MISSED THIS DETECTION FOR > 10 YEARS ! DIS-ASS-TER !THAT IS THE NATURE OF SCC – IT REQUIRES MINUTE & EXTENSIVE EXAMINATION
ON TOP OF THAT EDF HAD A LABOUR STRIKE – AT THE “RIGHT TIME” & PUTIN WAR “AT THE “RIGHT TIME”,& A SEVERE WINTER,AFTER A SEVERE SUMMER !dindooohindoo
ON TOP OF THAT THE SCC NEEDS MANUAL REPAIRS DUE TO RADIATION LIMITATIONS – AND EDF HAS SHORTAGE OF SKILS. THEY NEED TECHNICIANS FROM WESTINGHOUSE AND ROBOTS (WHICH ARE IN SHORT SUPPLY)
THIS SCC REPAIR WILL TAKE FROM 5-12 MONTHS + TIME FOR FUEL LOADING !
SO FRANCE IS SET TO FREEZE IN WINTER !