4 Comments

Dear Jérôme,

Of course, I would have concluded the story with a typical:

"Any resemblance to situations that exist or have existed is entirely coincidental"

As we all wish the best to the French and European power system

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DOOMSDAY Scenario, probably not so unrealistic...

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Brilliant stuff, Jérôme! Merci!

I think this pairs well with this latest article from my favourite armchair investor: https://valueandopportunity.com/2022/08/30/panic-journal-ukraine-russia-edition-part-4-power-gas-prices-merit-order-and-other-ramblings/

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This will also strain the relationship with neighbors. With relations with the UK already at a low (and possibly made worse if, in the meantime, Truss has triggered Article 16 over Northern Ireland and created a new crisis with the EU on the wider free-trade agreement), this has the potential to turn quite nasty between the two countries. Relations with Germany could also face tension if Germany's power system is not able to withstand the call for more power from France (for instance if there is much less wind, which is a rather possible scenario at some point)

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