France Energy Pricing Trends - 13 February 2023
13 Feb 2023
France Power Pricing Trends | 13 February 2023
The power market declined last week, following the same trend as natural gas prices. National demand for electricity was up due to the lower temperatures of the last few days, forcing France to import electricity from neighbouring countries. EDF was forced to postpone the restart of the Chooz 2 nuclear reactor due to power supply problems. The weekly average price decreased from 192.90 €/MWh to 182.15 €/MWh for CAL 2024 and from
142.10 /MWh to 136.74 €/MWh for CAL 2025.
France Natural Gas Pricing Trends | 13 February 2023
The natural gas market declined last week. With European natural gas stocks high (around 66% on Friday) and weather forecasts predicting a sharp rise in temperatures this week, the market is easing. On Friday, a breakdown at one of Norway's production sites forced a reduction in natural gas deliveries to Europe. The weekly average price fell from 63.92 €/MWh to 61.92 €/MWh for CAL 2024 and from 51.92 €/MWh to 50.91 €/MWh for CAL 2025.
France Oil Pricing Trends | 13 February 2023
The price of Brent crude oil rose last week. In response to the introduction of a Russian oil price cap by the G7 countries, Russia has responded with a sharp reduction in oil production (500,000 barrels/day less). The weekly average price of Brent crude oil grew from 76.02 €/bbl to 78.41 €/bbl.
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