France Power Pricing Trends | 19 September 2022
The electricity market tightened again last week, linked in part to conflicting messages about electricity generation for the coming months. According to EDF, almost all nuclear power plants would be operational this winter, while the transmission system operator RTE presented a much less optimistic scenario for the beginning of 2023. Market participants remain cautious in the face of so many uncertainties. Trades continue at extremely low levels. The weekly average price has dropped from 574.32 €/MWh to 567.43 €/MWh for CAL 2023 and from 288.58 €/MWh to 271.60 €/MWh for CAL 2024.
France Natural Gas Pricing Trends | 19 September 2022
The natural gas market rose in the middle of last week, following forecasts of temperature drops in the coming days, while natural gas flows from Russia remain unchanged. Weather variables will again play a major role in the coming weeks. The weekly average price shrank from 189.86 €/MWh to 176.69 €/MWh for CAL 2023 and from 126.26 €/MWh to 114.34 €/MWh for CAL 2024.
France Oil Pricing Trends | 19 September 2022
The price of Brent fluctuated very little last week. Bearish movements linked to fears of a global recession in 2023 and falling Chinese demand are currently offset by OPEC’s ramping down of oil production. Accepted wisdom among market analysts however is that in view of the surge in natural gas prices, users will shift to oil en masse. The demand for black gold could then increase. The weekly average price of Brent crude oil grew from 91.61 €/bbl to 92.33 €/bbl.
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