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Daily (08.03.2023): Ongoing strikes in France lifted the French forward power prices by over 4.4%
Oil prices lost momentum on Tuesday as the Chinese National People’s Congress estimate a lower-than-expected GDP growth target of around 5%, hence this could cause a fall in oil demand. A rise in US oil output also weighed on prices. Hence, Brent crude fell by 3.4% to settle at $83.29 a barrel.
read more... 08/03/2023
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France's nuclear watchdog says corrosion crack flagged by EDF at Penly 1 reactor
France's state-controlled nuclear energy operator EDF has detected a new crack located at its Penly 1 reactor in its latest update on stress corrosion issues, France's ANS nuclear safety watchdog said on Tuesday, adding it had asked the company to "revise its strategy" for repairing its plants.
read more... 08/03/2023
French MPs pave way to dropping legal limit on nuclear in energy mix
Lawmakers voted in favour of doing away with the 50% legal limit on nuclear in the country’s total energy mix on Thursday as part of France’s larger efforts to build newer, more modern nuclear plants.
read more... 03/03/2023
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Breakthrough close on France-Spain undersea electricity link
France and Spain are poised to announce a breakthrough this week in a long-running impasse over hefty costs of what would be their first undersea electricity link, a minister and sources in both countries told Reuters.
read more... 03/03/2023
EU ministers launch nuclear alliance of 11 countries
Energy ministers from 11 EU countries agreed to "foster closer cooperation" between their national nuclear sectors to boost the industry following an informal meeting in Stockholm, France's energy ministry said on Tuesday.
read more... 01/03/2023