France Energy Pricing Trends - 23 Mar. 2022
23 Mar 2022
France Power Pricing Trends | 23 March 2022
Electricity market prices have been in a bearish stance since March 8th, with the CAL23 Baseload product falling below €200/MWh and closing the week at €191/MWh. This is due to a declining demand for electricity and gas (spring temperatures) and an increase in renewable energy production. On the other hand, the low availability of French nuclear power continues to drag on any fall in prices. Average weekly prices declined from 210.91 €/MWh to 194.20 €/MWh for CAL 2023 & from 123.52 €/MWh to 121.22 €/MWh for CAL 2024.
France Natural Gas Pricing Trends | 23 March 2022
The drop in gas demand (spring temperatures) and the non-interruption of Russian supply flows has had a positive impact with a drop of about 12% (-8.5 €/MWh) in the CAL 23 price in the span of a week. Average weekly prices rose from 75.86 €/MWh to 63.28 €/MWh for CAL 2023 & from 48.32 €/MWh to 43.65 €/MWh for CAL 2024.
France Oil Pricing Trends | 23 March 2022
Brent prices rose last week. Market participants remain on alert for any further embargos on Russian oil barrels. The slow progress of negotiations with Iran leaves little hope of reversing this trend. The average weekly price of Brent grew from 107.18 €/bbl to 94.04 €/bbl.
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