ANALYSE ELEC EN

17/07/2026 - The Calendar 2027 price closed at EUR 64.09/MWh in France and EUR 103.24/MWh in Germany Thursday evening, up 6.11% and 5.95% respectively on last Thursday. The Calendar 2028 price closed higher at EUR 50.91/MWh in France and EUR 84.70/MWh in Germany Thursday evening.
Power prices are moving in step with gas prices.
Wind generation was limited over the week of 10-16 July. Under these conditions, Germany was a heavy net importer overnight, with a power deficit of around 10 GW.
France remained a net exporter despite rising demand, lower nuclear output and limited wind resource.
France exported an average of 9 GW around midday over the week of 10-16 July.

CO2 prices closed at EUR 78.27/t Thursday evening, up 0.23% on last Thursday.
The European Commission is expected to present amendments to the EU emissions trading scheme rules on 17 July.
The Commission could decide to give industry some breathing room by slightly slowing the pace of emissions reductions required, which would have a moderating effect on CO2 prices.
Whatever measures are announced will in any case be the result of a compromise and should therefore have only a limited effect on carbon price levels, as the Commission must take into account the full range of stakeholder views.