AGL 34.48 Decreased By ▼ -0.72 (-2.05%)
AIRLINK 132.50 Increased By ▲ 9.27 (7.52%)
BOP 5.16 Increased By ▲ 0.12 (2.38%)
CNERGY 3.83 Decreased By ▼ -0.08 (-2.05%)
DCL 8.10 Decreased By ▼ -0.05 (-0.61%)
DFML 45.30 Increased By ▲ 1.08 (2.44%)
DGKC 75.90 Increased By ▲ 1.55 (2.08%)
FCCL 24.85 Increased By ▲ 0.38 (1.55%)
FFBL 44.18 Decreased By ▼ -4.02 (-8.34%)
FFL 8.80 Increased By ▲ 0.02 (0.23%)
HUBC 144.00 Decreased By ▼ -1.85 (-1.27%)
HUMNL 10.52 Decreased By ▼ -0.33 (-3.04%)
KEL 4.00 No Change ▼ 0.00 (0%)
KOSM 7.74 Decreased By ▼ -0.26 (-3.25%)
MLCF 33.25 Increased By ▲ 0.45 (1.37%)
NBP 56.50 Decreased By ▼ -0.65 (-1.14%)
OGDC 141.00 Decreased By ▼ -4.35 (-2.99%)
PAEL 25.70 Decreased By ▼ -0.05 (-0.19%)
PIBTL 5.74 Decreased By ▼ -0.02 (-0.35%)
PPL 112.74 Decreased By ▼ -4.06 (-3.48%)
PRL 24.08 Increased By ▲ 0.08 (0.33%)
PTC 11.19 Increased By ▲ 0.14 (1.27%)
SEARL 58.50 Increased By ▲ 0.09 (0.15%)
TELE 7.42 Decreased By ▼ -0.07 (-0.93%)
TOMCL 41.00 Decreased By ▼ -0.10 (-0.24%)
TPLP 8.23 Decreased By ▼ -0.08 (-0.96%)
TREET 15.14 Decreased By ▼ -0.06 (-0.39%)
TRG 56.10 Increased By ▲ 0.90 (1.63%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,605 Increased By 33.2 (0.39%)
BR30 26,904 Decreased By -371.6 (-1.36%)
KSE100 82,074 Increased By 615.2 (0.76%)
KSE30 26,034 Increased By 234.5 (0.91%)

The French CGT union said on Thursday a 24-hour strike in the nuclear sector has cut 9,500 megawatts (MW), or a sixth of the nuclear capacity, by 1330 GMT, pushing intraday power prices higher. The union warned that if the management of state-backed nuclear energy operator, EDF, did not listen to the demands of the workers, who are striking over pay and working conditions, those actions would be repeated.
"We have 80 percent of workers (in nuclear power plants) striking, a nuclear capacity outage level of 9,500 MW in the whole of France, despite the pressures applied by management on staff," the CGT union said in a press release. Production cuts were taking place in 16 out of France's 19 nuclear power plants, the CGT said.
EDF declined to comment on the drop in power capacity but insisted supplies to customers would not be affected. "With such a strong turnout, EDF's management has to react to the demands made by the staff," the CGT said. "The CGT is discussing how to follow up on this action and considers repeating this kind of strike as often as necessary," it added.
The energy sector will strike again on January 29, as part of a wider protest by France's public sector. The strike has pushed French intraday power prices higher, one London-based trader said, adding the Genscape tool, which estimates real-time power production, confirmed a high outage rate in French reactors.
"This is one of the highest outage rates we have seen in the last couple of years," the trader said. The strike coincided with cold weather in France, with national weather forecaster Meteo France showing temperatures at between one and five degrees Celsius. French power grid RTE predicted on its website a peak consumption of 86,240 MW at 1800 GMT.

Copyright Reuters, 2009

Comments

Comments are closed.