Genscape, the company that deployed its first patented electricity monitor in France on November 20, 2004, now tracks 74% of the entire electric power market in France. For the first time, Genscape is proactively preparing to use its sophisticated energy monitoring network to literally measure the impact of the French electrical workers union strike in real-time.
In anticipation of the strike, Genscape is announcing that it will provide periodic updates on production cuts, power outages and any other significant events across the French power sector. “The strike has the potential to impact power prices as well as import/export flows in Germany and Spain as well” said Tedann Olsen, managing director of Genscape’s European region. “Our network will capture the true impact of the electrical workers strike and we’ll provide periodic updates as a public service after our clients have been properly informed.”
Genscape monitors 100% of nuclear power in France, as well as 79% of coal-fired power plants and 41% of gas-fired power plants. Similar extensive monitoring is deployed all across Europe.
Genscape is the only organization – public or private – to capture real-time electric power data on a country-specific basis and across the European community. Traditional consumers of these data are energy market traders, producers, regulatory agencies and other market participants.
To track the impact of the French electrical workers strike, please visit: www.genscape.com/blog
About Genscape
Genscape is the leading global provider of energy information for commodity and financial markets. Utilizing patented technologies and proprietary algorithms, Genscape provides accurate and timely data on capacities flow and utilization for all major energy commodities. The product range includes the well-known real-time services for power and gas in North America and Europe. Genscape also delivers fundamentals-based market intelligence services which market participants rely upon to better understand drivers, risks, and dynamics of regional power and gas markets. Genscape is committed to enhancing the market activities of our clients through access to superior fundamental data and market intelligence. www.Genscape.com
