nuclear power

Europe’s heatwave knocks out nuclear reactors, sending power prices surging

Europe's fifth heatwave of the summer has forced France to take roughly 15% of its nuclear fleet offline, sending electricity prices sharply higher across the continent and exposing the growing vulnerability of thermal power generation to climate change.

Heat wave and solar eclipse send Europe power prices soaring

A rare convergence of extreme summer heat and a solar eclipse sent European wholesale electricity prices surging on Wednesday, with spot prices in Germany more than doubling during the eclipse's peak, exposing the vulnerability of the continent's increasingly solar-dependent power…

Fifth heatwave sends European power prices surging

A fifth summer heatwave gripping Europe has driven electricity prices sharply higher across the continent, with French and German day-ahead power contracts jumping more than 20% on Tuesday as extreme heat simultaneously curbs generation capacity and fuels cooling demand.

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Danube drought forces Hungary, Romania to dim cities and cut power

A record-breaking heatwave and historically low water levels on the Danube have plunged Hungary and Romania into their worst energy crises in decades, forcing both countries to dim landmark buildings, curtail industrial production, and appeal to citizens to slash electricity…

Eurogroup meets as Middle East energy shock fuels EU inflation fears

Euro area finance ministers met in Brussels on Wednesday for a Eurogroup session overshadowed by a fresh Middle East flare-up that has sent energy prices sharply higher and reignited inflation fears across Europe. The meeting, chaired by Eurogroup President Paschal…