If France fails to meet peak demand for electricity by 2013, this could result in a rise in prices for domestic and business electricity customers in the UK.
Utility Week reports that in just three years time France could struggle to meet demand, according to McKinnon & Clarke energy consultants.
This news comes after a report was published last week by RTE, operators of the French national grid, which stated that by 2015 France’s total generating capacity could face a shortfall of more than 3GW. This would stem from the same environmental regulations that are speeding up the closure of fossil fuel electricity plants in this country.
M&C Energy Analyst David Hunter said: “At a time when the UK is facing its own looming energy gap [this news] is likely to both drive up peak prices and tighten our own supply margins further. The UK market is linked to the continent’s via interconnectors, and so that extra power will most likely go to the highest bidder.â€
You can read the full story at Utility Week.
Tags: Business Electricity, Business Electricity Prices, Energy shortage
