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French Grid Operator Warns Suppliers Over Breaches Fanning Glut

Bloomberg · last updated

France’s state grid operator sent a stern warning to power producers, traders and suppliers for breaches of obligations that are creating costly market imbalances and exacerbating a power glut.

Reseau de Transport d’Electricite is currently facing an “extremely tense situation” to balance supply and demand in real time, the operator wrote in an April 11 letter sent to market participants. RTE is thus forced to resort to “exceptional and costly post-market measures” to ensure market balance, which is being breached on an almost daily basis.