France Power Pricing Trends | 10 October 2022
The electricity market fell last week, driven by lower natural gas prices, but also by a reassuring announcement from EDF. Indeed, the electricity producer has completed the repair of stress corrosion in the first three nuclear reactors. The weekly average price is down from 567.23 €/MWh to 530.22 €/MWh for CAL 2023 and from 265.37 €/MWh to 265.62 €/MWh for CAL 2024.
France Natural Gas Pricing Trends | 10 October 2022
The natural gas market declined last week thanks to a combination of mild weather over the last few days, contained gas demand and very good stock levels (90% on average in Europe). However, the market is still waiting for the negotiations within the EU on the implementation of a mechanism to limit the price of imported natural gas. To date, Germany is one of the countries strongly opposing these cap proposals. The weekly average price is reduced from €172.32/MWh to €152.29/MWh for CAL 2023 and from €120.74/MWh to €113.37/MWh for CAL 2024.
France Oil Pricing Trends | 10 October 2022
The price of Brent crude oil rose sharply last week. As expected, OPEC+ announced a cut in oil production, up to two million barrels/day less from November 2022. The weekly average price of Brent crude oil rose from 89.52 €/bbl to 94.90 €/bbl.
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