France Energy Pricing Trends - 13 Dec. 2021

France Power Pricing Trends | 13 December 2021

The electricity futures market continued to rise sharply last week, hitting a new record high of 222.00 €/MWh on Wednesday. Natural gas and carbon prices (new record CO2 prices of 88.88 €/t were reached on 08/12) are still at the root of tensions, but a sharp increase in demand has also had its effect. Indeed, following the announcement of the capping of ARENH (at 37.63%, this is higher than ever), suppliers had to cover on the missing volumes of their customer portfolio on the open market.  Average weekly prices leapt from 171.39 €/MWh to 205.29 €/MWh for CAL 2022 & from 100.26 €/MWh to 115.12 €/MWh for CAL 2023.

France Natural Gas Pricing Trends | 13 December 2021

The natural gas futures market rose last week. As cold sets in across Europe, gas flows from Russia and the North Sea are falling and European storage is decreasing.  Russian-American tensions around Ukraine are not improving the situation, with the commissioning of Nord Stream II now at the heart of the debate.  Average weekly prices surged from 56.93 €/MWh to 69.62 €/MWh for CAL 2022 and from 35.11 €/MWh to 40.03 €/MWh for CAL 2023.

France Oil Pricing Trends | 13 December 2021  

Oil prices rallied last week. The increase in oil prices by Aramco (Saudi Arabia) and the slow-paced negotiations on the Iranian nuclear are in question. The average weekly price of Brent rebounded from 62.37 €/bbl to 66.30 €/bbl.

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