AGL 40.02 Increased By ▲ 0.02 (0.05%)
AIRLINK 127.36 Increased By ▲ 0.32 (0.25%)
BOP 6.61 Decreased By ▼ -0.06 (-0.9%)
CNERGY 4.50 Decreased By ▼ -0.01 (-0.22%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.79 Increased By ▲ 0.35 (0.84%)
DGKC 87.54 Increased By ▲ 0.69 (0.79%)
FCCL 32.64 Increased By ▲ 0.36 (1.12%)
FFBL 65.02 Increased By ▲ 0.22 (0.34%)
FFL 10.26 Increased By ▲ 0.01 (0.1%)
HUBC 109.70 Increased By ▲ 0.13 (0.12%)
HUMNL 14.64 Decreased By ▼ -0.04 (-0.27%)
KEL 5.11 Increased By ▲ 0.06 (1.19%)
KOSM 7.56 Increased By ▲ 0.10 (1.34%)
MLCF 41.42 Increased By ▲ 0.04 (0.1%)
NBP 59.70 Decreased By ▼ -0.71 (-1.18%)
OGDC 193.80 Increased By ▲ 3.70 (1.95%)
PAEL 28.37 Increased By ▲ 0.54 (1.94%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 151.89 Increased By ▲ 1.83 (1.22%)
PRL 26.40 Decreased By ▼ -0.48 (-1.79%)
PTC 16.17 Increased By ▲ 0.10 (0.62%)
SEARL 83.99 Decreased By ▼ -2.01 (-2.34%)
TELE 7.68 Decreased By ▼ -0.03 (-0.39%)
TOMCL 35.52 Increased By ▲ 0.11 (0.31%)
TPLP 8.10 Decreased By ▼ -0.02 (-0.25%)
TREET 16.08 Decreased By ▼ -0.33 (-2.01%)
TRG 52.74 Decreased By ▼ -0.55 (-1.03%)
UNITY 26.21 Increased By ▲ 0.05 (0.19%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
BR100 9,953 Increased By 69.4 (0.7%)
BR30 30,908 Increased By 307.7 (1.01%)
KSE100 93,812 Increased By 456.3 (0.49%)
KSE30 29,062 Increased By 130.9 (0.45%)

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.