Unavailable nuclear power plants – the price of electricity goes back to what it was before the crisis
Sunday, 04 November 2018
The price of electricity for November has gone back to what it was in mid-September. That’s when Engie Electrabel confirmed that some of Belgium’s nuclear reactors would not be available this winter, De Tijd reported on Saturday.
The announcement caused panic within the government and for electricity suppliers. Prices for November doubled, going from around 100 euros per megawatt/hour (before Engie Electrabel’s announcement) to more than 200 at the start of October.
The measures Ella and the Energy Minister Marie-Christine Marghem announced to guarantee supply seem to have provided some reassurance. Prices for November have started to drop since mid-October. They are now at the same level as they were before Engie Electrabel’s announcement.
Prices for December, January and February are also at the same level as before the wave of panic. However, there is still incertitude around production for the first two months of the year.