France Energy Pricing Trends - 22 May 2023
22 May 2023
France Power Pricing Trends | 22 May 2023
The power market eased last week thanks to more visibility on nuclear strategy in France. EDF announced that the Flamanville EPR will be launched in the first quarter of 2024, and that it will then stop production of the reactor for further work in 2025. The National Assembly adopted the nuclear bill, facilitating the procedures for the construction of new reactors. Finally, nuclear availability increased by 0.8 GW last week, which means that the national nuclear production is about 60% of its total capacity. The weekly average price decreased from 204.84 €/MWh to 191.20 €/MWh for CAL 2024 and from 133.43 €/MWh to 131.44 €/MWh for CAL 2025.
France Natural Gas Pricing Trends | 22 May 2023
The natural gas market declined last week. French gas stocks are at around 48%, up 4 points in a week. At the European level, stocks are filled to 65.6% of their capacity. The weekly average price decreased from 55.51
€/MWh to 50.28 €/MWh for CAL 2024 and from 48.45 €/MWh to 45.81 €/MWh for CAL 2025.
France Oil Pricing Trends | 22 May 2023
The price level of Brent crude oil held steady last week. Fires in Canada, which are close to producing areas, led to fears of oil supply disruptions and a rise in the price at the beginning of the week. However, this rise was
contained by an even greater fear of a possible drop in demand, supported by the sluggish economic forecasts in China and the US. The weekly average price of Brent crude oil increased from 69.36 €/bbl to 69.83 €/bbl.
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