France Energy Pricing Trends - 15 May 2023

France Power Pricing Trends | 15 May 2023

The power market rose last week. Despite an improvement in the hydro situation in France after the recent rainfall, the CAL 2024 Baseload price remains above €200/MWh, which is around €60/MWh higher than electricity prices in Germany.  This is due to the continued risk premium for French nuclear power.  The weekly average price increased from 197.25 €/MWh to 204.84 €/MWh for CAL 2024 and from 128.45 €/MWh to 133.43 €/MWh for CAL

France Natural Gas Pricing Trends | 15 May 2023

The natural gas market held steady last week.  French gas stocks are at around 44%, up 4 points in a week.  At the European level, stocks are at 63% of capacity.  Several scheduled maintenance in the United States and Norway have reduced European natural gas exports.  The weekly average price increased from 55.10 €/MWh to 55.51 €/MWh for CAL 2024 and from 47.77 €/MWh to 48.45 €/MWh for CAL 2025.

France Oil Pricing Trends | 15 May 2023

After a rise at the beginning of the week, the price of Brent crude fell again from last Wednesday, dropping back below €70/bbl, following the publication of several indices showing lower than expected US demand.  The weekly average price of Brent crude oil fell from 68.16 €/bbl to 69.36 €/bbl.

The information above is an excerpt from the applicable report referenced above. For a full and complete copy of this report please complete the form below, sign up for our newsletters or schedule a virtual meeting at your convenience.

Get The Full Report Delivered To Your Inbox

Fill out the form below and we'll send you the full report.

1 Your Details

2 Company Details

By submitting this form you agree to let NUS follow up with you related to your inquiry. Your information will be used for these purposes alone, we never buy, sell, or trade your personal data. For more information, please see our Privacy Information.