French power contract holds at €50/MWh despite Iran war
Updated
Updated · Bloomberg · May 8
French power contract holds at €50/MWh despite Iran war
9 articles · Updated · Bloomberg · May 8
France’s benchmark one-year-forward electricity contract trades near €50 per megawatt hour, about the same as before the conflict and far below August 2022’s €1,130 peak.
The stability suggests Europe’s power markets have so far avoided the kind of price shock that made energy bills a defining feature of the 2022 crisis.
Then, soaring electricity costs hit businesses from French bakeries to British pubs and German shops, but the 2026 oil shock has not yet produced similar turmoil in Europe.
Is Europe's energy stability a true green transition or a fossil fuel shell game?
Has Europe merely swapped its Russian gas dependency for an equally risky reliance on American LNG?