PA Consulting Group is quoted in an article in the Financial Times on the impact of French nuclear outages on UK power bills. Safety fears have led to the amount of electricity available for export from France to be cut, leading to a squeeze on the supply of imported electricity in the UK.
The article explains that France’s problems have already caused power price spikes in continental Europe as the country has had to increase its own imports of electricity from Germany and other neighbours to fill its supply gap.
The article goes on to quote data from PA Consulting: “But analysts say there will also be repercussions for Britain. In recent weeks, imports have fallen to the extent that on 14 days so far in October, the UK has exported more electricity than it has taken in. Until this month, Britain had not been a net exporter for more than two days a month since 2014.”