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France July Power Shrugs Off Energy Complex Losses

POWER

The French July power base-load contract is shrugging off losses in the wider European energy complex to trade at the highest since 3 June, as strike action could weigh on the country’s generation capacity from mid-June.

    • France Base Power JUL 24 up 2.7% at 42.8 EUR/MWh
  • The French front-month discount to Germany has narrowed today to €31.68/MWh, the lowest since 23 May.
  • France’s CGT union on Friday said it had filed a strike notice for the period between 14 June and 13 September to revise salary scales in the energy sector, La Tribune reported.
  • First industrial action will start on 20 June covering workers in the natural gas and power sectors.
  • Nuclear reactor availability in France remained stable at 68% of capacity as of Friday morning, RTE data showed.
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