![]() The risk did not materialize thanks to demand destruction and the absence of severe sustained cold spells. Markets saw a risk of shortage, leading to 4000€/MWh prices on the day-ahead exchange. In 2022, stress corrosion issues on nuclear fleets led to an increased risk of scarcity in France, explaining the widening of the spread (the price differential) between the two countries. Because of this heating, France is more prone to power shortages due to more severe cold spells than Germany. Why is this? For winter contracts, France is always at a premium to Germany because of the massive increase in power demand due to electrical heating in the hexagon (2500MW/☌). Today, a look at France German price spread for winter 2023 contractsĪfter more than a year of madness, markets are returning to "normal" with concerns of gas shortage easing, leading Germany Clean Spark Spread (CSS) to return to standard levels.īut France remains at a very high premium and does not want to go back to "cruising" mode.
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