France Energy Pricing Trends - 12 December 2022

France Power Pricing Trends | 12 December 2022

The electricity market rose slightly last week. Despite the drop in temperatures, the demand for electricity has decreased by around 10% compared with previous years, as a result of demand deflation on the industrial side, and increased vigilance of individuals regarding their consumption.  The market eased at the end of the week following the return to the network of three reactors. The weekly average price increased from 438.24 €/MWh to 448.26 €/MWh for CAL 2023 and grew from 305.84 €/MWh to 324.49 €/MWh for CAL 2024.

France Natural Gas Pricing Trends | 12 December 2022

The natural gas market rose soberly last week. Gas stocks are gradually decreasing as the cold wave settles-in for good in Europe (European stocks are filled at 88% of capacity). The massive arrival of LNG reassures players in the short term.  The weekly  average price increased from 126.30 €/MWh to 132.70 €/MWh for CAL 2023 and from 96.54 €/MWh to 101.02 €/MWh for CAL 2024.

France Oil Pricing Trends | 12 December 2022 

The price of Brent fell sharply last week. Fears of a deterioration in the global economy are strong on the market side. Global oil demand is weaker than expected, according to the IEA. The weekly average price of Brent crude oil decreased from 81.96 €/bbl to 74.54 €/bbl.

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