Daily Management Review

France and Britain may suffer electricity shortage this winter


France and Great Britain are two countries in Europe that are at most risk to suffer from a shortage of electricity during this winter, especially in December or January, when a serious cold snap will come, Bloomberg writes.

With availability of the French nuclear fleet Electricite de France SA to the lowest level in the last ten years, the country will have to rely on electricity supplies from abroad in a few weeks. This can create some tensions. Britain may also face a shortage of electricity in the beginning of January, when the temperature regime will be below average.

According to analysis of Entsoe group even harsh conditions in most European countries will not lower potential in most regions and connecting lines, which occurred due to excess capacity. Yet, the UK would potentially be forced to rely on imports from all the neighboring countries during a week since January 9, because combination of light wind and low temperatures may lead to a deficit.

Delays in restart of several French reactors, undergoing a security check at request of ASN regulator, will mean a significant reduction in stocks in the first three weeks of December. Demand for electricity in France is very dependent on temperature. Temperature lower by 1 degree below normal will result in need to add 2.4 thousand MW of capacity.

Reseau-de-Transport d'Electricite, an operator of French electricity grids, earlier this month warned of growing danger of power shortages in the second largest market in Europe. The company has prepared several options for demand reduction, including blackouts. The UK has some reserve capacity in power plants, which can be activated. National Grid Plc says the winter is going to be hard, yet the situation is still manageable.

Over the past year, France more than doubled monthly supplies of electricity. In early November, price of electricity jumped to 138 euros per megawatt-hour, the highest level since 2007. On the same day, price of electricity in the UK increased to the equivalent level, which is the highest in eight years.

In Germany, the largest electricity market in Europe, there may be a reverse situation. Demand for electricity during the Christmas holidays can be so low that it could lead to "critical" overcapacity and negative price, especially if weather is windy.

The total amount of generating capacity in Europe in the last year increased by about 11 gigawatts, the amount of solar energy and wind rose 12.8 gigawatts, and the amount of energy from hydro and gas installations rose by 6.6 gigawatts. At the same time, Europe as a whole refused to use about 8.2 gigawatts of oil and coal-fired power stations. 

source: bloomberg.com

Science & Technology

Analysts: Google Search is losing clicks

Microsoft admits wiretapping users

French Optic 2000 unveils smart glasses

You Can Wear Your New Air Conditioner With Your Clothes

Research: Anonymous data is not so anonymous anymore

Tech giants face stricter government regulation in the US

Nestle's Head: Veggie meat is new megatrend

Huawei may introduce Android replacement in August

Are US high-tech investors causing brain drain in Europe?

'Russia's Google' Yandex Was Hacked By Western Intelligence For Spying: Reuters

World Politics

World & Politics

European Social Democrats are losing ground

Hong Kong's richest citizen calls to stop violence and unrest in the city

UK railway operators exit Interrail system

Dozens of British Airways flights canceled or delayed due to computer malfunction

China keeps importing Iranian oil in spite of US sanctions

Marijuana legalization: Did Canada benefit from cannabis boom?

Republicans and Democrats focus on carbon pricing

Iran Hints It May Swap Seized Tankers With The UK