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French winter power prices set to fall further – analysts


26 May 2023 13:23

26 May 2023 13:23

(Montel) French winter power prices are likely to fall further amid lower gas prices although they will continue to reflect a risk premium, traders and analysts said on Friday.

“A large part of the risk premium should disappear, we could fall below EUR 150/MWh for Q4 prices and even lower on the spot market, given the price of gas, lower economic growth and CO2 prices,” a French trader told Montel.

“Winter power prices are too high, gas prices for winter are around EUR 45/MWh and hydraulic stock levels as well as gas storage levels are good”,…

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