Power Markets
French electricity production is reduced due to a strike over wages and pensions
Data from EDF showed that the electricity output of the French utility was cut by 2.6 gigawatts on early Wednesday morning. This was due to workers cutting power production as part of an industrial action aimed at pensions and wages in the gas and power sector. The industrial action is expected to expand in the next few weeks due to the low approval rating of the government. It faces a vote of confidence on Monday. The data revealed that nuclear power production fell by 2.1 GW, with three reactors being affected. Hydropower production also decreased by 510 megawatts. France's total...