Something's Rotten with French Nuclear
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Is There a Mechanism for Creating Competition Within the Market Place?
In France, energy companies are required to offer electricity at a fixed rate. This means they can buy low and sell high without having to take in the downside risk of buying every year. The French nuclear fleet has produced about 300 terrawat hours this year - far less than what it should be producing each year. It is now being offered at a price too low to renovate the fleet much less build new reactors.
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