French Power Turns Negative as Demand Undershoots Estimates
- Power supply in France is exceeding demand even with exports
- French economy is struggling amid political uncertainty
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French power prices turn negative for several hours on Tuesday as low demand combines with an increase in wind generation and strong solar output.
French intraday prices are trading as low as -€20 a megawatt-hour on the Epex Spot exchange. Electricity demand is persistently undershooting the daily estimates made by grid operator RTE as European economies struggle with little or no growth.