Market note, week 42: power prices and French gas soar

French power 181.25 €/MWh ▲ +37.7%spot, weekly average

French gas (PEG) 85.54 €/MWh ▲ +12.2%spot, weekly average

EU gas storage 74.5 % ▲ +0.8 ptweek on week

Brent 109.95 $/bbl ▲ +5.2%M+1, last price of the week

Electricity

French power (day-ahead spot): between €139.30 and €212.00/MWh depending on the day, €181.25/MWh on average (+37.7% week on week).
Most expensive day: Friday 16; cheapest: Saturday 17.
Generation over the week: nuclear 71.7%, renewables 21.6%, gas 4.2%.

Day-ahead spot, daily average

Latest171.88 €/MWhSunday 18

Average vs prev. week+37.7%181.25 vs 131.60 €/MWh

Daily low139.30 €/MWhSaturday 17

Daily high212.00 €/MWhFriday 16

Average181.25 €/MWhweek 42

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

French gas (PEG, spot): €85.54/MWh on average, against 76.27 the previous week (+12.2%), between €81.64 and €89.08/MWh depending on the day.
European storage: 74.5% full (+0.8 pt in a week), 8.3 pts below last year.
France: 87.6% full.

Spot, average price of each gas day

Latest89.08 €/MWhSunday 18

Average vs prev. week+12.2%85.54 vs 76.27 €/MWh

Daily low81.64 €/MWhMonday 12

Daily high89.08 €/MWhSunday 18

Average85.54 €/MWhweek 42

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

Brent (ICE futures M+1): $109.95 a barrel at the last price of the week (+5.2% on the week), end-of-day prices between $105.79 and $109.95.
US crude inventories −8.5 million barrels, to 415.6 million.
At the pump: diesel €2.368/L (+2.2 cents on the week), SP95-E10 €2.175/L.

ICE futures M+1 (front month)

Latest109.95 $/bFriday 16

On the week+5.2%+5.41 $/b

Daily low105.79 $/bThursday 15

Daily high109.95 $/bFriday 16

Average106.79 $/bweek 42

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