OK, you have confirmed my worries there is some well-connected mafia operating in that market.
Can they produce electricity though? Half their nuclear reactors are down.
Re:Day ahead electricity prices for EU
by ohgodplsno on Saturday August 27, 2022 @11:32AM
(#32620101)
Because of delayed checkups caused by COVID, and thanks to the independence of the ASN who could unilaterally stop the plants to fix unplanned corrosion. Most of them are starting to come back up, and 90% of usual production is planned to be back by December.
Or, said in other ways, it took an extremely rare event that lasted long enough to throw off plans that are made on the scale of years, in addition with a bit of bad luck, and lasts a few months. I'd say they damn well can produce electricity in normal times, yes. But indeed, their need to buy electricity is compounded by that.
> It is forced to sell it to leeches
By whom?
Re:Day ahead electricity prices for EU
by ohgodplsno on Saturday August 27, 2022 @11:59AM
(#32620384)
EDF is owned at 80% by the state, and the state has instituted the ARENH through law. Needless to say, EDF not going into this would mean someone else is replaced at the head and it still goes on. It's a classic starve the beast play.
The "competition" are resellers that have not installed a single MW of production, essentially leading to starving what used to be the most talented and biggest energy producer in Europe, all under the pretense of the free market. The resellers are actively dropping clients so they do not have to not buy on the open market.
It is happening, and is happening with the blessing of our leaders just greasing billionaire pockets.