France Energy Pricing Trends - 27 February 2023
27 Feb 2023
France Power Pricing Trends | 27 February 2023
The power market stabilized last week. National electricity demand has been stable for several days, below the needs recorded in previous years at the same period. Electricity production is struggling: the winter drought is causing a drop in hydroelectric power of around 40% in February, a bad omen for the coming months. The return to the network of the nuclear reactor of Flamanville 1 is postponed of three months, whereas EDF planned the maintenance of two other reactors at the end of this month. The weekly average price decreased from 181.67 €/MWh to 174.16 €/MWh for CAL 2024 and from 131.78 /MWh to 129.60 €/MWh for CAL 2025.
France Natural Gas Pricing Trends | 27 February 2023
The natural gas market declined last week. US LNG supply is expanding. Since Tuesday, the Freeport terminal has been able to liquefy natural gas and market LNG again, in order to meet the growing demand from Europe.
The weekly average price felt from 58.50 €/MWh to 55.99 €/MWh for CAL 2024 and from 49.05 €/MWh to 47.25 €/MWh for CAL 2025.
France Oil Pricing Trends | 27 February 2023
The price of Brent crude oil closed on an upward trend on Friday. While oil prices were again hit by fears of further interest rate hikes in the US earlier this week, players are now concerned that world market in March 2023 will be lower than that announced by the Russian authorities. The weekly average price of Brent crude oil grew from 79.27 €/bbl to 77.38 €/bbl.
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