Electricité de Strasbourg makes a trading error of 60 million euros

Written September 11, 2022, 7:19 p.mUpdated on September 12, 2022 at 9:19

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

The incident took place on 6 and 7 September. Last Tuesday, the market operations department of the Electricité de Strasbourg “erroneously in quantity” issued 2.03 GW, before the next day it repeated the mistake 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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