Market note, week 41: power prices plunge, French gas jumps

French power 131.60 €/MWh ▼ −26.6%spot, weekly average

French gas (PEG) 76.27 €/MWh ▲ +5.6%spot, weekly average

EU gas storage 73.6 % ▲ +1.2 ptweek on week

Brent 104.54 $/bbl ▲ +2.1%M+1, last price of the week

Electricity

French power (day-ahead spot): between €51.26 and €201.37/MWh depending on the day, €131.60/MWh on average (−26.6% week on week).
Most expensive day: Tuesday 6; cheapest: Saturday 10.
Generation over the week: nuclear 69.9%, renewables 24.5%, gas 3.5%.

Day-ahead spot, daily average

Latest127.38 €/MWhSunday 11

Average vs prev. week−26.6%131.60 vs 179.36 €/MWh

Daily low51.26 €/MWhSaturday 10

Daily high201.37 €/MWhTuesday 6

Average131.60 €/MWhweek 41

Sources: RTE, Energy-Charts (Fraunhofer ISE) · See the detail

French gas (PEG, spot): €76.27/MWh on average, against 72.21 the previous week (+5.6%), between €72.70 and €78.99/MWh depending on the day.
European storage: 73.6% full (+1.2 pt in a week), 9.3 pts below last year.
France: 87.0% full.

Spot, average price of each gas day

Latest78.99 €/MWhSunday 11

Average vs prev. week+5.6%76.27 vs 72.21 €/MWh

Daily low72.70 €/MWhMonday 5

Daily high78.99 €/MWhSunday 11

Average76.27 €/MWhweek 41

Sources: NaTran (Smart), GIE AGSI+ · See the detail

Brent (ICE futures M+1): $104.54 a barrel at the last price of the week (+2.1% on the week), end-of-day prices between $100.24 and $104.54.
US crude inventories −3.2 million barrels, to 424.1 million.
At the pump: diesel €2.346/L (−2.7 cents on the week), SP95-E10 €2.165/L.

ICE futures M+1 (front month)

Latest104.54 $/bFriday 9

On the week+2.1%+2.16 $/b

Daily low100.24 $/bMonday 5

Daily high104.54 $/bFriday 9

Average102.12 $/bweek 41

Sources: OilPriceAPI (ICE), EIA, French fuel prices (data.economie.gouv.fr) · See the detail