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French spot power set to rise 11% next week on cold weather


03 Feb 2023 12:55

03 Feb 2023 12:55

(Montel) French spot power prices looked set to rise by 11% next week amid colder weather and less wind power generation.

The French front-week baseload contract was last seen trading above EUR 167/MWh on Friday. In comparison, day-ahead prices this week were on track to average EUR 146/MWh, based on delivered spot and forecast prices from Montel’s Energy Quantified (EQ).

EQ pegged French day-ahead prices to average EUR 163.3/MWh next week. 

On the weather front, temperatures in France are expected to dip 2.4C below the norm at an average…

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