France's low-carbon electricity output surged to more than 95% of annual power production for the first time in 2024, as rising nuclear and hydro generation squeezed the use of fossil fuels. From a report: Rebounding atomic production together with record output from renewables boosted France's electricity production to a five-year high of 536.5 terawatt hours, transmission network operator Reseau de Transport d'Electricite said in a statement on Monday.

Net exports almost doubled to record of 89 terawatt hours as domestic demand remain subdued due to sluggish economic growth. Electricite de France SA's nuclear fleet -- the backbone of western Europe's power system -- has largely recovered from maintenance issues that worsened the continent's energy crisis in 2022. That's helping keep a lid on electricity prices, even as the cost of natural gas has risen since Russia's attack on Ukraine.

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