France Energy Pricing Trends - 26 June 2023

France Power Pricing Trends | 26 June 2023

The power market continued to rise at the beginning of last week, before falling back on Wednesday, following the trend in natural gas prices. In France, following validation by the Constitutional Council, the law on the
acceleration of procedures relating to the construction of new nuclear facilities near existing facilities was promulgated at the end of the week. The weekly average price increased from 193.05 €/MWh to 196.98 €/MWh for CAL 2024 and from 142.83 €/MWh to 146.01 €/MWh for CAL 2025.

France Natural Gas Pricing Trends | 26 June 2023

The natural gas market stabilized last week, following the upward movement of the previous few days. There was little change in the level of maintenance on production sites in Norway, and the market has greater visibility on the availability of production facilities.  In Asia, LNG prices rose by around 7%, driven by the high temperatures recorded in this part of the world. French gas stocks are around 60% full. At European level, stocks are 73.66% full. The weekly average price increased from 51.58 €/MWh to 52.15 €/MWh for CAL 2024 and decreased from 45.43 €/MWh to 44.37 €/MWh for CAL 2025.

France Oil Pricing Trends | 26 June 2023

Oil prices slump as worries about the global economy re-emerge. The Bank of England is set to raise its key interest rates for the 13th time in a row, and may even opt for a steeper rise than in recent months due to the resilience of inflation. Other major central banks may follow suit. The weekly average price of Brent crude oil increased from 68.61€/bbl to 68.98 €/bbl.

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