Cold wave drives surge in power demand, French nuclear power generation hits seven-year high.

Cold wave drives surge in power demand, French nuclear power generation hits seven-year high.

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Due to a cold wave driving up electricity demand, the output of France's nuclear power units has risen to its highest level in nearly seven years.

As of 10 a.m. Paris time on Wednesday, the combined power output of all nuclear reactors in France had exceeded 56 million kilowatts (56 gigawatts), the highest level since January 2019. On Wednesday, France's electricity demand rose to 75 million kilowatts (75 gigawatts), the highest so far this year since February.

The severe cold weather is testing France's power system. As demand surges, the nuclear reactors are operating at almost full capacity. Weather forecasts indicate that the minimum temperature in Paris on Wednesday may drop to -1°C, which is 4°C lower than the historical average, and the region is likely to experience continuously cold weather for the next two weeks.

According to data from French transmission system operator RTE, to meet the additional demand, France has also increased power generation from coal and gas plants, highlighting the tightness of the electricity market during the cold wave.

According to Epex Spot SE data, France's day-ahead electricity price for Wednesday delivery was 89.07 euros per megawatt hour. This price is higher than Germany's for the same period, which is an unusual occurrence in the European electricity market.

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