Yesterday, 26 January, France's main utility EDF warned of a 24-hour strike starting at 20:00 CET this Wednesday. The anticipated electricity supply cut from this would likely put upward pressure on already elevated prices, brought on by the colder temperatures experienced last week.
Genscape’s proprietary monitors show that the higher demand for power in France is triggering an increase in generation from more expensive gas-fired plants. Our latest blog post, "Planned 24 Hour Strike Might Lead to Power Price Spikes in France," further discusses the potential market implications this strike could have.
