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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ELECTRICITY
French nuclear availability remained low at 51% at the beginning of November, supporting demand for fossil-fuel generation. France had hoped to be more heavily reliant on its nuclear sector at this point in the year to stay away from costly gas power generation.
- French nuclear availability stood at 51%, equal to 26.99GW as of 2 November, compared with 50% availability in the previous week.
- Nuclear availability is scheduled to be significantly increasing from December, as 16 reactors, equalling around 17.54GW of capacity are expected to come online by 1 December. This excludes additional unplanned outages and some reactors are running with curtailed capacities.
- French nuclear output was severely curtailed on some days in recent weeks amid strike action at EdF’s nuclear fleet.
- Strike action occurred on: 12 September 9pm to 13 September 9pm, 21 September 9pm to 22 September 9pm, 28 September 9pm to 29 September 9pm, 5 October from 9pm until 6 October 9pm, 17 October from 9pm until 19 October 2022 9pm.
- As of 2022, France has a nuclear capacity of 61.37GW.
- French gas-fired generation capacity totalled 13.07GW in 2022.
- Lower nuclear availability could increase the demand for French fossil-fuel generation, primarily gas-fired generation. French gas-fired generation averaged 4.92GW in the last seven days. French gas stocks are in good shape ahead of winter, reaching full capacity in October. The gas volumes in storage represent about two-thirds of the winter consumption of SMEs and individuals according to the French gas regulator.
- The French power December base-load (financial) contract traded last at €785/MWh.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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