
Pipe corrosion, maintenance, and labor unrest have nearly half of French nuclear reactors offline.
The result is France’s Worst Energy Crisis Since the 1970s.
Twenty-six of France’s 56 nuclear reactors are offline for maintenance or because of corrosion on piping that cools the reactor cores. Fixing the corrosion is taking longer than expected at several reactors, delaying their restart by as much as six weeks, according to regulatory filings and a French nuclear executive familiar with the matter.
Labor unrest is another obstacle. Strikes at 18 reactors owned by EDF SA, France’s state-controlled power giant, have delayed their restart by several weeks, threatening the government’s plans to have all of them back online by the end of the winter. EDF and union leaders said they reached an agreement Friday on salary increases, ending the strikes.
EDF, the world’s largest owner of nuclear plants, is one of Western Europe’s most important power companies. Its fleet of reactors normally exports large quantities of low-cost nuclear power to neighboring countries, helping stabilize prices across the region.
The situation changed drastically this year, when France swung from being one of Europe’s largest exporters of electricity to a net importer because of the outages at its reactors. The rash of outages has officials worried that France and the broader region might run short of electricity in the winter, when power demand in Europe peaks.
The outages have forced EDF to absorb huge losses because the company was forced to buy replacement power on Europe’s wholesale market, where prices have soared, for sale to retail clients at much lower prices.
Labor Unions Call for General Strike
Protests in France, Italy Holland
Irritated Farmers Dump Merde
Protests in France, Serbia, Germany, Italy, and Spain
Check Out This Line of People in France
https://twitter.com/Ukraine66251776/status/1582583176248950784
140,000 people took part in the France protest. There were calls for France to withdraw from NATO. Leftists and trade unions organized protests against soaring living costs, inflation EU NATO
Just a Prelude
If those reactors don’t come back on line in time, and that’s a good bet, things are going to get really messy in Europe.
This post originated at MishTalk.Com.
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Mish


First of all
the repair work on the reactors is a bit slower than expected by six weeks but they
will progressively come back online. That is a technical problem that is easily
manageable. The other problem is with some unions that are striking for more
money. There are four unions involved (CGT, FO, CFDT and the CFE-CGC) and the new contract terms have already been negotiated with the final
acceptance by vote of the members slated for the 27th of this month.
By the way those who work for EDF pay pennies (really only pennies) for their
electricity and always have. The risk of a strike is probably pretty small at
this point but nevertheless could happen. Of the four unions the CGT and the FO
are the real hardcore ones. CGT is mainline communist and FO is the Trotskyist
variation. We have a strike in some refineries now and although most workers
are working there we have a small group of CGT in key specialties keeping the
refineries from pumping. That is their trademark. Coming back to the problem
the reactors are coming back online and the threat of strikes diminishing heading
into winter. Generally, Europe has reacted quickly to cut Russian sources and
find new suppliers although at a cost. Going forward those energy cost should
abate next year since Europe is building new installations for LNG, more
pumping from the fields within the continent, more renewables and increased oil
and gas availability from around the world. The new energy mix will entail new
costs but this is not the first time that this has happened. You adjust and
move on.
I had to
laugh when I saw the twitter accounts Mish put on the blog about the protests.
One, Apocalypsos has a big Russia Z on its logo and another UnkraineNews has
the hammer and cycle sign in its logo. That leads me to believe that these two
twitter accounts are not exactly reliable news sources. In France demonstrations
are in the culture and nothing exceptional. These two twitter accounts want to
give the impression that this is a “Gilet Jeune” type movement but it isn’t. Many
in Russia and elsewhere are hoping that winter will save Russia from its folly.
It won’t. Europe is off Russian energy forever now.