The power market continued to fall driven by the natural gas market, and reduction in the risk premium linked to nuclear production. French gas stocks are at around 50%, up 2 points in a week. The price of Brent crude rose rapidly.
France
The power market eased last week thanks to more visibility on nuclear strategy in France. French gas stocks are at around 48%, up 4 points in a week. The price of Brent crude oil held steady.
France
Despite an improvement in the hydro situation in France after the recent rainfall, the CAL 2024 Baseload price remains above €200/MWh. French gas stocks are at around 44%, up 4 points in a week. The price of Brent crude fell again.
France
In France, electricity demand increased by around 1 GW, due to the resumption of activity in energy intensive industries. French gas stocks are at around 39%, up 4 points in a week. The price of Brent crude oil fell for the third week in a row.
France
EDF announced its nuclear production level for the first quarter of 2023, French nuclear safety authority (ASN) took a position on the control strategy submitted by EDF. French gas stocks are at around 35%, the price of Brent crude oil fell.
France
EDF confirmed its nuclear power production target for 2023, despite the strikes. LNG terminals have all come back into service with French stocks at around 32%. The price of Brent crude oil fell.
France