Re:France to Build Six New Nuclear Reactors
by misja111 on Friday February 11, 2022 @02:18AM
(#30298092)
This is nonsense. The crazy gas prices had two main causes: insufficient gas buffers during the uptick of the economy after Corona, and Russia closing part of its huge gas supply to Europe.
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Re:France to Build Six New Nuclear Reactors
by thow-58d4e8b on Friday February 11, 2022 @03:07AM
(#30298500)
> insufficient gas buffers during the uptick of the economy after Corona
this is true
> Russia closing part of its huge gas supply to Europe
this isn't, afaik. Russia doesn't sell on spot market, they prefer long term futures contracts, on which they reliably deliver. They delivered on their 2021 commitments a bit earlier, hence they closed off the valves
Basically, the gas supplies were low during summer, but the spot prices were significantly above long term average, so energy companies delayed their purchases, hoping the price will come back down soon. It didn't, reserves dried up, and everybody was forced to buy at the same time
Re:France to Build Six New Nuclear Reactors
by cocoggu on Friday February 11, 2022 @04:29AM
(#30299225)
The gas prices spike has also other causes, like gas-powered electricity plants replacing or partly replacing nuclear facilities like Fessenheim in France. Gas-powered electricity plants are flourishing everywhere in the world, including China to diversify from coal, obviously at some point the available offer is not going to be enough.
Re:France to Build Six New Nuclear Reactors
by polskibus on Friday February 11, 2022 @02:26AM
(#30298165)
Some businesses have a choice whether to use gas or electricity for example for heating. High prices of one caused them to switch too. I agree that effects on gas demand were secondary relative to energy, nevertheless my point stands that it is not unusual, and also we can’t count on gas when wind and solar farms are quiet.