France Energy Pricing Trends - 31 October 2022

France Power Pricing Trends | 31 October 2022

The power market fell last week. RTE is forecasting a 3-4% drop in consumption. Also, the forecast of 100% full gas stocks for this winter gives a good signal. The Minister of Economy confirmed last Thursday the ARENH cap at 100 TWh for 2023. The weekly average price will go from 538.06 €/MWh to 512.13 €/MWh for the CAL 2023 and from 268.20 €/MWh to 265.98 €/MWh for the CAL 2024.

France Natural Gas Pricing Trends | 31 October 2022

Natural gas market has declined over the past week. However, the market remains volatile during this period as the European Commission continues to consider possible measures to lower natural gas prices in Europe. The perception of a drop in temperatures in mid-November is causing tension in the markets at the end of the week. The weekly average price fell from 136.64 €/MWh to 128.05 €/MWh for the CAL 2023 and from 105.94 €/MWh to 100.44 €/MWh for the CAL 2024.

France Oil Pricing Trends | 31 October 2022

The price of Brent fell last week, before rising  again on Friday. Oil inventories in the United States, as well as the continued decline in production by OPEC+ states could cause tension on the supply side in the coming days. The weekly average price of Brent crude oil fell from 94.29 €/bbl to 93.63 €/bbl.

The information above is an excerpt from the applicable report referenced above. For a full and complete copy of this report please complete the form below, sign up for our newsletters or schedule a virtual meeting at your convenience.

Get The Full Report Delivered To Your Inbox

Fill out the form below and we'll send you the full report.

1 Your Details

2 Company Details

By submitting this form you agree to let NUS follow up with you related to your inquiry. Your information will be used for these purposes alone, we never buy, sell, or trade your personal data. For more information, please see our Privacy Information.