French Power Slips on Wind Surge, Deepening Discount to Germany

Windier weather caused French power prices to slump, widening a discount with Germany, but the trend is expected to flip if heat waves return in August.

The French month-ahead contract fell as much as 3% to €45 per megawatt-hour, the lowest since July 1, according to data from European Energy Exchange AG. The German equivalent rose 1.6% to trade as high as €80.79 per megawatt-hour on Monday.