News

World news Bookmark and Share

24.04.2017 15:05
French Withdrawal from Nuclear Could Lead to Structural Deficits
A victory for current front-runner Emmanuel Macron could reduce the dominance of nuclear and result in the country, traditionally Europe’s largest exporter of power, becoming increasingly dependent on imports, a report by S&P Global Platts says
AUTHOR: publics.bg

  • Elections front-runner Emmanuel Macron
    © Mutualité française, flickr.com

France is facing its most uncertain presidential elections in decades. The outcome is critical not just on a geopolitical level, but also in terms national energy policy, with nuclear the key battleground.

A victory for current front-runner Emmanuel Macron could reduce the dominance of nuclear and result in the country, traditionally Europe’s largest exporter of power, becoming increasingly dependent on imports, a report by S&P Global Platts argues.

Macron’s views are also closest to business-as-usual with the candidate set to expand on President Francois Hollande’s energy transition path, while former conservative French Prime Minister Francois Fillon and far right candidate Marine Le Pen favor of a ‘return to glory’ for the French nuclear industry.

French energy giant EDF says decommissioning the French nuclear fleet will cost EUR 54 billion and plans to set aside EUR23 billion. This is why France could face a structural deficit during the winter peak, through coal and nuclear closures, should front-runner Macron stick to his predecessor’s energy transition plan.

It includes reducing nuclear’s share in the power mix to 50% by 2025, equivalent to cutting 25 GW of capacity, Platts estimated.

Of the three main candidates, Emmanuel Macron is most closely associated with the outgoing Hollande administration, having resigned a year ago as economy minister, while the other two challengers - Francois Fillon and Marine Le Pen – are in favor of preserving the French nuclear industry. EDF, in one of its final board meetings ahead of the elections, agreed to the closure of France’s oldest NPP at Fessenheim on the day the new ERP Flamanville reactor goes into service around late 2018/early 2019, describing the Fessenheim closure as “irreversible and inevitable”.

Beyond Fessenheim and Flamanville, the nuclear question centers around the fact that 17 reactors with a combined capacity of over 15 GW reach their current end-of-lifespan before the next presidential elections in 2022. While Fillon and Le Pen support the program for a life-span extension – the Grand Carenage - Macron’s statements on nuclear suggest his opposition to such a program.

“It’s not good to have 75% of our energy coming from nuclear. I will keep the energy transition program and hence I will keep the 50% cap [by 2025],” Macron said in his manifesto.

However, Macron also said that any strategic decision regarding nuclear would come once French nuclear regulator ASN had published its conclusions on the Grand Carenage towards the end of 2018.
This outcome would open the way for gas-fired generation to provide much-needed flexibility.

Gas could also receive a competitive boost from a Macron-inspired carbon price floor — spelling the end for France’s remaining coal units, the S&P Global Platts report said.


TAGS: France | elections | Emmanuel Macron | Francois Fillon | Marine Le Pen | energy | nuclear | EDF 


All world news

No published comments
Login to comment


Interview

17.09.2020  Boyana Achovski, General Secretary of the international organization Gas Infrastructure
In both short and long term, gas will continue being part of the energy mix of Southeastern Europe
Full text

Events

No records in this category!

Poll

Which is the fuel of the future?










 



We use cookies to ensure we give you the best browsing experience on our website. Find out more on how we use cookies and how you can change your settings.

Cookies

What are cookies ?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. Cookies are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

How do we use cookies?

Website use Google Analytics, a web analytics service provided by Google, Inc. ("Google") to help analyse the use of this website. For this purpose, Google Analytics uses"cookies", which are text files placed on your computer.

The information generated by the cookies about your use of this website - standard internet log information (including your IP address) and visitor behaviour information in an anonymous form - will be transmitted to and stored by Google including on servers in the United States. Google will anonymize the information sent by removing the last octet of your IP address prior to its storage.

According to Google Analytics terms of service, Google will use this information for the purpose of evaluating your use of the website and compiling reports on website activity.

We not use, and not allow any third party to use the statistical analytics tool to track or to collect any personally identifiable information of visitors to this site. Google may transfer the information collected by Google Analytics to third parties where required to do so by law, or where such third parties process the information on Google`s behalf.

According to Google Analytics terms of service, Google will not associate your IP address with any other data held by Google.

You may refuse the use of Google Analytics cookies by downloading and installing Google Analytics Opt-out Browser Add-on. The add-on communicates with the Google Analytics JavaScript (ga.js) to indicate that information about the website visit should not be sent to Google Analytics.

Cookies are also used to record if you have agreed (or not) to our use of cookies on this site, so that you are not asked the question every time you visit the site.

Google Analytics Opt-out Browser Add-on

How to control cookies?

You can control and/or delete cookies as you wish. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed.

All about cookies

Managing cookies in your browser

Most browsers allow you to:
  • see what cookies you have got and delete them on an individual basis
  • block third party cookies
  • block cookies from particular sites
  • block all cookies from being set
  • delete all cookies when you close your browser

If you chose to delete cookies, you should be aware that any preferences will be lost. Also, if you block cookies completely many websites (including ours) will not work properly and webcasts will not work at all. For these reasons, we do not recommend turning cookies off when using our webcasting services.
X