Gas & Electricity Price Volatility Due To EDF Nuclear Scare

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We have just been informed by a supplier that the energy market is currently going through a significant volatility due to the latest EDF nuclear scare.

EDF reported that some of it components currently in use by french nuclear power stations are substandard.

EDF shares plunged 7% and the effect on global energy prices have yet to be seen. Should any of the French nuclear power stations, which provide 80% of the country’s electricity, need to be halted that can shoot up both gas & electricity prices.

A silver lining in this latest development may be the extra push for more renewable energy.