France Energy Pricing Trends - 27 November 2023
The power market remained relatively stable last week, natural gas prices recovered at the end of the week. The price of Brent crude fell.
FranceThe power market remained relatively stable last week, natural gas prices recovered at the end of the week. The price of Brent crude fell.
FranceLast Tuesday, the French government outlined the framework for regulating the French electricity market from 2026. The trend in the market price of natural gas declined. The price of Brent crude fell, reaching its lowest level since July 2023.
FranceThe power market followed the natural gas trend last week. For several days now, EDF and the French government have been trying to reach agreement on a new model for regulating electricity prices.
FranceWith the arrival of storm Ciaran in Europe, wind-generated electricity increased by around 20% and nuclear generation remains at a high level. The market is not anticipating any extension of the war between Israel and Hamas, while US indicators are raising fears of a slowdown in consumption.
FranceElectricity generation conditions are good, with an improvement in nuclear generation expected at the start of the week, and wind generation on the rise given the windy conditions seen in Europe over the last few days. The weekly average price of Brent crude oil decreased.
FranceThe power market stabilized last week, however, players remain attentive to developments in the Middle East. The natural gas market rose in a measured fashion. Brent crude rose, driven by the geopolitical risk premium in the Middle East.
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