France Energy Pricing Trends - 31 July 2003
31 Jul 2023
France Power Pricing Trends | 31 July 2023
The power market declined at the end of last week, following the trend of the natural gas and carbon markets. Despite lower nuclear availability than in mid-July, there was no tension on the market. Electricity demand is unlikely to be sustained, given the unfavorable weather forecasts for France in August. The weekly average price decreased from 168.66 €/MWh to 168.62 €/MWh for CAL 2024 and increased from 141.96 €/MWh to 144.02 €/MWh for CAL 2025.
France Natural Gas Pricing Trends | 31 July 2023
The natural gas market rose at the start of the week, before easing off on Wednesday. In Europe, gas demand varies by region. It is strong in southern Europe (particularly Italy) in the face of very hot weather. On the other hand, it is weakening in Northern Europe, with below-normal temperatures, a drop in industrial activity and high renewable load factors. Despite US LNG moving increasingly towards Asia, natural gas supply to Europe is sustained in part by exports from Qatar. French gas stocks are around 75%. In Europe, stocks are at 85% of capacity. The weekly average price increased from 51.17 €/MWh to 52.39 €/MWh for CAL 2024 and from 45.39 €/MWh to 46.51 €/MWh for CAL 2025.
France Oil Pricing Trends | 31 July 2023
The price of Brent crude continued to rise last week, boosted by supply restrictions and a more attractive-than-expected US economy. The weekly average price of Brent crude oil increased from 71.04 €/bbl to 75.08 €/bbl.
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