France Power Pricing Trends | 20 June 2022
The electricity futures market continued to rise during the week, until a slight easing took place on Friday. Prices followed natural gas and carbon prices. French nuclear production is still low. While power plants need water in their cooling process, river levels are currently at a 20-year low. The weekly average price has slipped from 307.38 €/MWh to 299.81 €/MWh for CAL 2023 and from 215.14 €/MWh to 201.92 €/MWh for CAL 2024.
France Natural Gas Pricing Trends | 20 June 2022
The price of natural gas rose very sharply last week. Following a problem on the Nord Stream 1 pipeline last Tuesday, the volume of Russian natural gas delivered to Europe has fallen by more than half. A return to normal is expected by mid-July. In the United States, the Freeport LNG plant announced the extension of the shutdown of its gas terminal after the fire suffered the previous week. The weekly average price increased from 73.87 €/MWh to 81.04 €/MWh for CAL 2023 and from 58.59 €/MWh to 61.85 €/MWh for CAL 2024.
France Oil Pricing Trends | 20 June 2022
Oil prices remained relatively stable last week, before a significant drop on Friday. The market reacted to the announcement of the 0.75% rate hike by the US Fed and a potential recession to come. However, limited production and supply difficulties keep prices at high levels. The weekly average price of Brent crude oil rose from 113.98 €/bbl to 113.74 €/bbl.
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