Macron: France, Germany to provide each other with gas, electricity, to weather crisis

PARIS -
France will send gas to Germany if needed while Germany stands ready to provide it with electricity, President Emmanuel Macron said on Monday, saying this showcased European solidarity in the face of the energy crisis stemming from the war in Ukraine.
European gas prices surged, share prices slid and the euro sank on Monday after Russia stopped pumping gas via a major supply route, in another warning to the 27-nation EU as it scrambled to respond to the crisis ahead of winter. read more
"Germany needs our gas and we need power from the rest of Europe, notably Germany," France's president told a news conference following a phone call with German Chancellor Olaf Scholz.
The necessary connections for France to deliver gas to Germany when needed would be finalised in the coming weeks, he said, adding that France, which had long been a net exporter of electricity, will need help from its neighbours because of technical problems its nuclear plants face. read more
Macron, however, said that he did not understand demand for a third gas link between France and Spain, rejecting calls to increase capacity with a new pipeline.
He added he was open to changing his mind on that point, should Scholz or Prime Minister Pedro Sanchez argue convincingly for it.
Ahead of a meeting on Friday of EU energy ministers, Macron said France was in favour of buying gas at a European rather than a national level and called for European Union measures to control energy prices.
He said it was necessary to act against speculation on energy prices at EU level and also said France was in favour of putting a cap on the price of pipeline Russian gas.
Macron also repeated calls for all to turn down air conditioners when it's hot and to limit heating to 19 degrees Celsius this winter.
"Everyone has to do their bit," he said.
Related News

Thermal power plants’ PLF up on rising demand, lower hydro generation
LOS ANGELES - Capacity utilisation levels of coal-based power plants improved in May because of rising demand and lower generation from hydroelectric sources. The plant load factor (PLF) of thermal power plants went up to 65.3% in the month, 1.7 percentage points higher than the year-ago period.
While PLFs of central and state government-owned plants were 75.5% and 64.5%, respectively, the same for independent power producers (IPPs) stood at 57.8%. Though PLFs of IPPs were higher than May 2017 levels, it failed to cross the 60% mark, which eases debt servicing capabilities of power generation assets.
Thermal power plants generated 96,580 million…