Electricité de Strasbourg makes a trading error at 60 million euros

Posted Sep 11, 2022, 7:19 PMUpdated on Sep 12, 2022 at 9:19 am

The investigation is ongoing, but the results are already widely known. Electricité de Strasbourg, the Alsatian branch of EDF, inadvertently sold electricity which it did not have on the European wholesale market, which forced it to buy back electrons at exorbitant prices. Assessment of this “dysfunction”: 60 million euros in losses, according to the press release from the company.

The incident took place on September 6 and 7. Last Tuesday, the market operations department of Electricité de Strasbourg ceded “erroneously in quantity” 2.03 GW, before repeating the error the next day, with a volume of 5.75 GW this time. As a reminder and for comparison, the Flamanville EPR has a theoretical capacity of 1.65 GW.

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