France Power Pricing Trends | 9 May 2022
The electricity futures market rose sharply last week. Fears persist around French nuclear production. EDF confirmed last Thursday the phenomenon of corrosion on 3 reactors. The energy company is waiting for a report about the 9 other reactors from the same generation. The weekly average price has risen from 254.62 €/MWh to 278.27 €/MWh for CAL 2023 and from 184.35 €/MWh to 202.13€/MWh for CAL 2024.
France Natural Gas Pricing Trends | 9 May 2022
Natural gas prices were marked by high volatility last week. The market reacted strongly to the oncoming 6th wave of European sanctions against Russia, this time targeting Russia’s fuel exports. The standoff remains threatening and Gazprom could suspend the supply of natural gas to other countries refusing to pay for their energy in rubles. The weekly average price fell slightly from 76.02 €/MWh to 75.83 €/MWh for CAL 2023 and rose from 60.35 €/MWh to 61.44 €/MWh for CAL 2024.
France Oil Pricing Trends | 9 May 2022
Oil prices continued to rise last week following the proposed embargo on Russian fuel. The rise in the price of crude could be limited by diminished demand from China if the strict lockdowns persist. The weekly average price of Brent crude oil grew from 99.16 €/bbl to 103.50 €/bbl.
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