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ENERGY

Germany forced to buy Austrian electricity

One of Germany’s energy providers was forced to use reserves from Austrian power stations on two days in December as a "precautionary measure," according to a newspaper report.

Germany forced to buy Austrian electricity
Photo: DPA

According to Die Welt newspaper, grid operator Tennet, which runs a huge section of the German national electricity grid, was forced to tap energy from Austria on December 8 and 9 last year to guarantee the stability of its supply. The transaction has been confirmed by the Federal Network Agency.

Austrian providers were forced to put an old oil power station near the town of Graz back online to export the power to Germany.

Following an intense national debate in the wake the March’s nuclear disaster in Fukushima, Japan, Germany shut down eight of its nuclear power stations last summer, and put five old conventional power stations back on the grid to cover the high-consumption winter months.

A spokeswoman for Tennet told the paper that a storm system caused a wind-energy spike in the north of the country on those December days, which couldn’t be transported south because of the lack of connections. Also, a small defect meant that the nuclear power station Gundremmingen in Bavaria had to be shut down temporarily at that time.

The spokeswoman called the resulting decision to import Austrian energy “a precautionary measure.”

Tennet operates a section of the network that stretches in a long, central strip of Germany from the Danish border in the north to cover the whole of Bavaria up to the Alps in the south. The unusual long and narrow shape of Tennet’s zone means that it is particularly prone to bottlenecks of electricity transport from north to south.

The Local/bk

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BUSINESS

France’s EDF hails €10billion profit, despite huge UK nuclear charge

French energy giant EDF has unveiled net profit of €10billion and cut its massive debt by increasing nuclear production after problems forced some plants offline.

France's EDF hails €10billion profit, despite huge UK nuclear charge

EDF hailed an “exceptional” year after its loss of €17.9billion in 2022.

Sales slipped 2.6 percent to €139.7billion , but the group managed to slice debt by €10billion euros to €54.4billion.

EDF said however that it had booked a €12.9 billion depreciation linked to difficulties at its Hinkley Point nuclear plant in Britain.

The charge includes €11.2 billion for Hinkley Point assets and €1.7billion at its British subsidiary, EDF Energy, the group explained.

EDF announced last month a fresh delay and additional costs for the giant project hit by repeated cost overruns.

“The year was marked by many events, in particular by the recovery of production and the company’s mobilisation around production recovery,” CEO Luc Remont told reporters.

EDF put its strong showing down to a strong operational performance, notably a significant increase in nuclear generation in France at a time of historically high prices.

That followed a drop in nuclear output in France in 2022. The group had to deal with stress corrosion problems at some reactors while also facing government orders to limit price rises.

The French reactors last year produced around 320.4 TWh, in the upper range of expectations.

Nuclear production had slid back in 2022 to 279 TWh, its lowest level in three decades, because of the corrosion problems and maintenance changes after
the Covid-19 pandemic.

Hinkley Point C is one of a small number of European Pressurised Reactors (EPRs) worldwide, an EDF-led design that has been plagued by cost overruns
running into billions of euros and years of construction delays.

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