German nuke knell lifts prices
Uncertainty factor over nuclear power in Europe increases prices. This is a dramatic break in the downward trend for pricing over the last 2 months. Can the world survive without nuclear power? Probably not. It’s unlikely that given the commitments already made to the UK’s nuclear power infrastructure and Frances dependancy on this reliable and cheap power source that Europe will turn it’s back on nuclear power.
Prices are now equal to those in April, the next market report in mid-June will indicate if the increases are short term speculation.
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Energy Market Intelligence report – early June 2011
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