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EDF was a net electricity exporter, until 2022, but this year France is already importing quite a lot of electricity currently, due to most nuclear reactors bei

by seren 4y ago

EDF was a net electricity exporter, until 2022, but this year France is already importing quite a lot of electricity currently, due to most nuclear reactors being still in maintenance. They are supposed to be restarted before winter but I would not bet on it https://www.rte-france.com/en/eco2mix/cross-border-electricity-trading https://www.rte-france.com/en/eco2mix/cross-border-electrici...

shapefrog 4y ago
- hef19898 4y ago
  As far as connected electricity grids go, you import from those memebers that have a surplus and export when you have one. The country of origin has nothing to do with any of it.
  - shapefrog 4y ago
    - hef19898 4y ago
      Nice analogy, unfortunately that is not how electricity generation, consumption and grid management works.
stuaxo 4y ago
Amazing the UK exporting energy to France when it is in the state it is. Similarly; during the potato famine Britain exported much of Irelands food crops. Now, the UK is doing this to it's own population, much of it's Oil and Gas from the North see is being exported. Ordinary people are getting hit with what will be some of the biggest prices rises in Europe, but the people who have been in charge for 12 years don't care. The new prime minister says she will fix this, but she was a minister for 8 years in this government, and her solution is to keep all the energy company profits, and give people a stopgap that will be added onto their bills for the next 10 years.
- rjmunro 4y ago
  Right now, the UK is exporting energy to France because we are receiving Liquified Natural Gas at our Gas terminals and have nowhere to store it and can't send it over pipelines to Europe fast enough, so our only option is to burn it for electricity and sell that. Once other EU LNG terminals come online, and as the UK needs more energy itself over winter, it stop exporting. Hopefully some more UK gas storage will come on line in the next few weeks as well, but probably not enough to make a significant difference to this winter's outlook: https://www.bloomberg.com/news/articles/2022-08-31/centrica-moves-closer-to-restoring-key-uk-gas-reserve-for-winter https://www.bloomberg.com/news/articles/2022-08-31/centrica-...
- adolph 4y ago
  > UK exporting energy to France > solution is to keep all the energy company profits Interesting way of taxing people outside of one's jurisdiction to subsidize local people.
  - pjc50 4y ago
    Where are EDF's (Electricite de France) profits for their UK generating units accounted for? Not a rhetorical question, I genuinely have no idea and I know it's quite easy to shift profits across borders.
- matt_attack 4y ago
  Sounds like what's happening in the US with our natural gas.
  - hollerith 4y ago
    Except natgas prices in the UK are 10 times the US price.
- jl6 4y ago
  > keep all the energy company profits With the new energy profits levy introduced in July, the headline tax rate for oil & gas profits is now 65%, which is some way off letting the energy companies keep their profits. What the UK is doing is letting its energy companies make bank while prices are high, and taking a (temporarily enhanced) cut of that to fund a cost of living subsidy for consumers.

by seren 4y ago

shapefrog 4y ago

hef19898 4y ago
As far as connected electricity grids go, you import from those memebers that have a surplus and export when you have one. The country of origin has nothing to do with any of it.
- shapefrog 4y ago
  - hef19898 4y ago
    Nice analogy, unfortunately that is not how electricity generation, consumption and grid management works.

stuaxo 4y ago

Amazing the UK exporting energy to France when it is in the state it is. Similarly; during the potato famine Britain exported much of Irelands food crops. Now, the UK is doing this to it's own population, much of it's Oil and Gas from the North see is being exported. Ordinary people are getting hit with what will be some of the biggest prices rises in Europe, but the people who have been in charge for 12 years don't care. The new prime minister says she will fix this, but she was a minister for 8 years in this government, and her solution is to keep all the energy company profits, and give people a stopgap that will be added onto their bills for the next 10 years.

rjmunro 4y ago
Right now, the UK is exporting energy to France because we are receiving Liquified Natural Gas at our Gas terminals and have nowhere to store it and can't send it over pipelines to Europe fast enough, so our only option is to burn it for electricity and sell that. Once other EU LNG terminals come online, and as the UK needs more energy itself over winter, it stop exporting. Hopefully some more UK gas storage will come on line in the next few weeks as well, but probably not enough to make a significant difference to this winter's outlook: https://www.bloomberg.com/news/articles/2022-08-31/centrica-moves-closer-to-restoring-key-uk-gas-reserve-for-winter https://www.bloomberg.com/news/articles/2022-08-31/centrica-...
adolph 4y ago
> UK exporting energy to France > solution is to keep all the energy company profits Interesting way of taxing people outside of one's jurisdiction to subsidize local people.
- pjc50 4y ago
  Where are EDF's (Electricite de France) profits for their UK generating units accounted for? Not a rhetorical question, I genuinely have no idea and I know it's quite easy to shift profits across borders.
matt_attack 4y ago
Sounds like what's happening in the US with our natural gas.
- hollerith 4y ago
  Except natgas prices in the UK are 10 times the US price.
jl6 4y ago
> keep all the energy company profits With the new energy profits levy introduced in July, the headline tax rate for oil & gas profits is now 65%, which is some way off letting the energy companies keep their profits. What the UK is doing is letting its energy companies make bank while prices are high, and taking a (temporarily enhanced) cut of that to fund a cost of living subsidy for consumers.