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Elizabeth Bourne presented this Wednesday on the situation of dealing with rising prices

Will there be electrical energy at Christmas? Prime Minister Elizabeth Bourne will unveil potential eventualities to deal with peak vitality prices this winter but additionally rising payments, whereas France faces its worst vitality disaster since the Seventies.

Elizabeth Bourne will focus on the nation’s vitality provide situation in mild of forecasts presented on the similar day by the operators of the Electricity and Gas Transmission Network (RTE and GRTGAZ), in addition to the future of the tariff defend that protects the French. Prices improve until thirty first December.

An “inclusive” improve

The Prime Minister will maintain a press convention at 3:30 p.m. flanked by Economy Minister Bruno Le Maire and Energy Transition Agnes Panier-Ranacher. The authorities, which is making ready its draft finances for 2023, has promised that gasoline and electrical energy value will increase will “proceed” after the finish of the defend.

In 2022, the authorities blocked electrical energy value will increase for people at 4%, and gasoline prices have been frozen in October 2021. Because of the vitality disaster, wholesale electrical energy prices in Europe have exploded, generally exceeding 1,000 euros per megawatt/hour in comparison with lower than 50 euros earlier than Russia’s invasion of Ukraine in February, with the European Union now severely contemplating market reforms.

“France won’t be plunged into darkness”

In the interconnected European market, electrical energy prices are adjusted to the price value of the remaining supply of vitality, typically a gas-fired energy plant, to fulfill demand. However, gasoline prices have risen in the wake of the conflict in Ukraine and as Russia’s drag-along electrical energy flows dry up.

In France, the disaster is least extreme as half of its reactors (28 of 56) shut down for upkeep or decommissioning, decreasing its nuclear energy output. This was compounded by a decline in hydraulic manufacturing, which suffered from a summer season drought. What is worry of shortage? “No, France won’t be plunged into darkness”, dismisses an business supply contacted by AFP.

No “blackouts” are anticipated

At 10 a.m., RTE will reveal its imaginative and prescient for France’s vitality safety for the 2022/2023 winter, and specifically the essential interval from October to March, underneath totally different eventualities, from the most optimistic to the most pessimistic. All voluntary financial savings efforts and eco-postures that people, communities and companies might must take to stop the system from overheating will probably be mentioned. For instance, decreasing consumption throughout prime instances, comparable to in the morning and at the finish of the day, reduces “peak” prices. Gas transmission community operator GRTGaz will serve its winter gasoline provide forecast in the early afternoon.

After urging corporations to behave to keep away from “rationing” at the finish of August, in the early autumn, the authorities are driving house a message supposed to supply some reassurance about the community’s skill to face up to peaks in demand and chilly spells this winter, supplied that everybody is “in peace”. “attempting “There isn’t any threat of a blackout, i.e. an episode that may break the whole vitality system”, assured Energy Transition Minister Agnes Pannier. -Ranachar, National Assembly earlier than the Economic Affairs Committee on Tuesday.

“We have a collection of levers” and as a “final resort”, “a continuity plan is made in case of insufficient energy provide with measures like load shedding”, the minister elaborated. These energy cuts, focused and arranged prematurely, are half of a panoply of measures geared toward avoiding blackouts, comparable to generalized and uncontrolled blackouts.

The EU is dealing with an emergency

The world vitality disaster has added to the already tense situation for France’s electrical energy community. Security of provide for the winter of 2021-2024 was put underneath “alert” final yr, significantly as a consequence of delays in the new era EPR connection at Flamanville and the improvement of renewable vitality.

For her half, the Commission President, Ursula von der Leyen, can be presenting emergency measures throughout her “State of the EU speech” this Wednesday, an train impressed by American coverage.

Ukrainian first girl Olena Zelenska will probably be the visitor of honor at this annual political speech in entrance of the European Parliament in Strasbourg, the European government introduced on Twitter on Tuesday night. “The braveness of the Ukrainian individuals has touched and impressed the world,” added Ursula von der Leyen. During the speech, the chief is predicted to unveil her proposals to curb hovering vitality prices following Russia’s invasion of Ukraine, at a time when hyperinflation threatens the continent’s economic system.

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