The power market rose last week, driven by natural gas prices and carbon prices. As temperatures fall, thermal power plants in Europe are being stretched. The price of Brent crude oil fell slightly.
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A review of the latest ARENH Demand for Calendar for 2023 from the Committee for Energy Regulation (CRE).
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Energy demand is higher on the short-term market. European players are becoming attentive to French nuclear production. The market reacted to the first withdrawals from underground gas storage. Fear of an economic slowdown and lower demand for oil are growing.
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The electricity market fell last week. Nuclear production has improved slightly, with the return of the Chinon 3 reactor. Natural gas prices rose slightly last week, while the price of Brent fell sharply.
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Hydroelectric power production has been on the rise in recent days, which reassures the market, in a context where temperatures have remained very mild so far. Nuclear production remains stable. Future oil demand remains uncertain.
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Mild temperatures and a very low demand for electricity caused the power market to decline last week. Gas stocks are still high. Despite he Chinese economy, oil prices remained bullish.
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