French electricity for next year soared past 1,000 euros ($1,000) today, the futures contract gained more than 10X in the past year. In France, only 24 of EDF's 56 nuclear reactors are operating at the moment, due to a corrosion problem.
The German equivalent also gained to a record, rising as high as 920 euros a megawatt-hour for a gain of more than 64% this week. Nordic power for next year jumped 11% to a record 277 euros a megawatt-hour.
Energy executives in the UK have warned the gov't that the country faces the prospect of mass civil unrest due to higher heating and electricity bills this winter. In Northern Ireland gas prices will rise by 28.3% & electricity prices will go up by 35.4% from 1 October.
On Monday, Norway's NO2 electricity region (covering southern Vestland, Rogaland, Agder, Telemark and old Vestfold) saw a daily record price of 5.35 kroner per kWh.
