Market note, week 44: power prices soar, French gas jumps

French power 222.00 €/MWh ▲ +72.9%spot, weekly average

French gas (PEG) 99.55 €/MWh ▲ +9.3%spot, weekly average

EU gas storage 74.6 % ▼ −0.1 ptweek on week

Brent 113.40 $/bbl ▼ −3.4%M+1, last price of the week

Electricity

French power (day-ahead spot): between €153.63 and €266.72/MWh depending on the day, €222.00/MWh on average (+72.9% week on week).
Most expensive day: Thursday 29; cheapest: Monday 26.
Generation over the week: nuclear 69.8%, renewables 22.6%, gas 5.4%.

Day-ahead spot, daily average

Latest233.74 €/MWhSunday 1

Average vs prev. week+72.9%222.00 vs 128.37 €/MWh

Daily low153.63 €/MWhMonday 26

Daily high266.72 €/MWhThursday 29

Average222.00 €/MWhweek 44

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

French gas (PEG, spot): €99.55/MWh on average, against 91.06 the previous week (+9.3%), between €95.64 and €102.90/MWh depending on the day.
European storage: 74.6% full (−0.1 pt in a week), 8.2 pts below last year.
France: 86.7% full.

Spot, average price of each gas day

Latest102.41 €/MWhSunday 1

Average vs prev. week+9.3%99.55 vs 91.06 €/MWh

Daily low95.64 €/MWhTuesday 27

Daily high102.90 €/MWhFriday 30

Average99.55 €/MWhweek 44

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

Brent (ICE futures M+1): $113.40 a barrel at the last price of the week (−3.4% on the week), end-of-day prices between $113.40 and $115.66.
US crude inventories −1.9 million barrels, to 410.6 million.
At the pump: diesel €2.349/L (−2.5 cents on the week), SP95-E10 €2.114/L.

ICE futures M+1 (front month)

Latest113.40 $/bFriday 30

On the week−3.4%−3.98 $/b

Daily low113.40 $/bFriday 30

Daily high115.66 $/bThursday 29

Average114.73 $/bweek 44

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