In a deliberation dated March 10th 2022, the Energy Regulation Commission (CRE) set the level of the storage rate as 261.08 €/MWh/day/year, starting April 1st 2022 & for the next twelve months. This represents a 41% increase compared with the previous rate.
France
Following Russia's attack on Ukraine early this morning, prices on European energy markets have soared. Given the current geopolitical tension, these prices are likely to remain high over the coming weeks. We will continue to keep you informed of their evolution through our weekly newsletters.
France
Last Thursday, the Government announced the implementation of two measures to limit the increase in electricity prices for the year 2022. France has, therefore, decided to act by activating the two available levers, the ARENH mechanism and its energy tax policy.
France
The results of the last capacity auction of the 2021 calendar year, which occurred on December 9th, are out. The Capacity price for 2022 reached 23,900 €/MW, decreasing 38.9% compared with the price set by the relevant bids in 2020 for 2021 (39,095 €/MW).
France
The Committee for Energy Regulation (CRE) published on December 1st the total ARENH Demand for 2022. The requests, made by 81 suppliers and which are subject to a ceiling of 100 TWh, amounted to 160.33 TWh. It should be noted that the CAL22 annual contract has been evolved at levels above 150.00 €/MWh since November 23rd.
France
Following the very tense talks between France and the European Commission on the proposed reform of the energy group EDF, it is at this stage not possible to bring this project to Parliament before the end of Emmanuel Macron's five-year term.
France