French Power Prices Drop to Fresh 3-Year Low as Demand Falters
- April futures decline for a fourth consecutive session
- France’s nuclear fleet back to strength after prolonged works
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French power prices dropped to a new three-year low due to weak demand and robust performance from the nation’s nuclear fleet.
April futures on Friday declined for a fourth consecutive session and are on course for a 19% weekly decline, according to data from European Energy Exchange AG. The month-ahead contract fell to the lowest level since August 2020 in intraday trading.