Germany exports power to France, urges savings at home

Germany exports power to France, urges savings at home

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BERLIN (AP) — Germany will keep exporting electricity to neighboring France despite calling on people to help fend off winter shortages by saving energy at home, officials said Wednesday.

Problems at French nuclear plants have driven up electricity prices there in recent months, prompting power companies in neighboring countries to sell excess energy to France.

“Only half of France's nuclear power plants are operating," said Patrick Graichen, Germany's deputy economy and energy minister. “That's why we, as well as the Italians and others, are all basically exporting to France. That's the way the electricity market is in Europe.”

It's another sign of the energy crisis gripping Europe. Both natural gas and electricity prices have hit record highs, with power costs ballooning as Russia reduces gas flows to Germany and other countries and renewables and nuclear contributing less to the power mix lately, analysts at Rystad Energy said. High energy prices are driving inflation and fueling the prospect of a recession in Europe.

Even precious natural gas, which Germany is trying to conserve for the winter heating season in case Russia cuts of supplies entirely, is being burned in large volumes to produce electricity for export to France.

"We can't say that our gas power plants in Germany won't export to France anymore unless we want to bring their entire European electricity market to a standstill,” Graichen said.

Government spokesman Steffen Hebestreit said there were no plans to stop this practice, citing the need for European solidarity.

“That's the way the European electricity market is set up and it could equally be the case, if we look to autumn and winter, that we might be grateful if others can help us out," he said.

Meanwhile, the German Cabinet approved a series of...

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