Energy Quantified is part of Montel.
Since the start of November, the French power balance has been limited due to low nuclear availability. Given how strongly France is now connected to the GB market, we have seen spot prices close to 300 €/MWh - about 50 €/MWh higher than the German market. As the market continues to be dominated by strong gas and CO2 prices, the French Forward prices for January and February are significantly higher than the latest spot prices, indicating a high positive risk premium in a strained power market. In this blog, EQ takes a closer look into the fundamental power balance numbers for France in Q1-2022, focusing on the outlook for nuclear generation and consumption uncertainty.
Read StoryGermany has already begun its coal-exit plans, which started by closing down 4.8 GWs of hard coal by 31.12.2020. The aim is to close all coal-fired units in Germany by 2038, helping to reduce CO2 emissions and fulfill wider EU decarbonisation targets.
Read StoryBack on September 17th, we posted a blog focusing on the very low hydro reservoir levels in the Norway-South area at the time, alongside the impacts of strong demand for increased imports – required to cover both consumption and demands for exports on the new UK interconnector. In this blog, EQ will look closer at recent development and the outlook for the winter in Norway-South.
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