In one year, the price has multiplied by ten, in particular because of the drying up of Russian gas flows to Europe since the start of the war in Ukraine.
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An increasingly tight market. The wholesale price of electricity for 2023 in France broke a new record on Friday August 26 at more than 1,000 euros per megawatt hour (MWh) against around 85 euros a year ago.
Several causes are behind the explosion in prices, starting with the drying up of Russian gas flows to Europe since the start of the war in Ukraine: many thermal power stations use gas to generate electricity . As gas becomes more scarce, its price is also at record highs.
In France, only 24 of EDF’s 56 nuclear reactors are operating at the moment, in particular due to a corrosion problem, which is reducing French electricity production to a historically low level, and mechanically driving up prices.