Energy Insights & News / Energy Market & Pricing Updates France's Rising Energy Prices The impact of the Ukraine-Russia conflict on French and European energy markets. 24th February 2022 | 1 minute read Related Topics: Energy Market & Pricing Updates Share This Article: Facebook | LinkedIn | ๐ Following Russiaโs attack on Ukraine early this morning, prices on European energy markets have soared. At 4pm, Brent crude oil was at $103.05/b, up from $97.56/b last night. Concerning power market, the French Baseload Calendar 2023 product closed yesterday at 184.50 โฌ/MWh, andย is now at 209.50 โฌ/MWh. On the natural gas side, the TTF Calendar 2023 product has risen from 62.30 โฌ/MWh yesterday evening to 80.00 โฌ/MWh at 4pm today. Given the current geopolitical tension, these prices are likely to remain high over the coming weeks.
