France Energy Pricing Trends - Feb. 2022

Electricity – EEX Baseload Futures

Prices increased progressively during the first twenty days of February (+20 €/MWh), supported by various announcements from EDF (shutdown of 3 new reactors, reduction of its annual nuclear production target for 2023, increase in controls) and by the Ukraine/Russia tensions which rightly worried market players. As early as February 22, the markets began to react strongly to a very likely Russian attack. On February 24, the day of the Russian invasion, the   CAL23 BL had risen 45 €/MWh in 3 days to reach a peak of nearly 210 €/MWh.

Carbon – EUA Futures

The price of carbon peaked at 96.48 €/t on February 8, before reversing the trend following rumors of European Union intervention to combat the rapid rise in carbon prices.

Natural Gas – EEX PEG Futures

The price of carbon peaked at 96.48 €/t on February 8, before reversing the trend following rumors of European Union intervention to combat the rapid rise in carbon prices.

Fuel – London Brent Spot

Prices remained fairly stable, hovering around 92 $/bbl (81 €/bbl), until the start of the last week. Like all raw materials, oil reacted to the invasion of Ukraine. In a context where demand is high and supply at its maximum, concerns are strong about the future of Russian oil (embargo?).

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.