French Power Futures Fall to Lowest Since 2021 as Nuclear Surges

French power contracts for next year fell to their lowest level since February 2021, as the country’s nuclear fleet ramped up.

Year-ahead power prices dropped to as low as €52.50 per megawatt-hour on Tuesday, as Electricite de France SA boosted nuclear output to its highest level for the start of November since 2018, according to data from RTE.