France Energy Pricing Trends - 20 Dec. 2021
20 Dec 2021
France Power Pricing Trends | 20 December 2021
Black Thursday on the electricity market: in addition to the increase in natural gas prices, EDF announced the unplanned shutdown of 2 nuclear reactors due to cooling problems. In total, 15 out of 56 reactors are shut down, national electricity production is low for the season, the Baseload CAL 22 reacts strongly with a rise of 60 €/MWh in one day. Average weekly prices leapt from 205.29 €/MWh to 255.27 €/MWh for CAL 2022 & from 115.12 €/MWh to 120.85 €/MWh for CAL 2023.
France Natural Gas Pricing Trends | 20 December 2021
The natural gas futures market surged last week. Last Thursday, the German regulator announced that the review of the Nord Stream 2 certification (so far stopped) would not take place before the second half of 2022. This is bad news in an already tense context: temperatures are low for the season, natural gas storage in Europe is at its lowest compared to previous years and LNG is being captured by Asian demand that is ready to pay a high price. Average weekly prices surged from 69.62 €/MWh to 86.94 €/MWh for CAL 2022 and from 40.03 €/MWh to 43.86 €/MWh for CAL 2023.
France Oil Pricing Trends | 20 December 2021
Oil prices fell last week. The market fears a new wave of the epidemic, while the economic recovery is not yet complete. The average weekly price of Brent rebounded from 66.30 €/bbl to 65.36 €/bbl.
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