French power prices soften as nuclear availability improves

EDF’s 2020 nuclear outage schedule saw French forward prices surge from late April, putting a spotlight on the flexibility deficit across power markets that Timera have set out earlier this year. With EDF revising up their forecast availability across November and December, coupled with a decline in carbon prices since September, French power prices have seen a precipitous decline. The improvement in output brings back the tight linkage we are used to seeing to neighbouring markets on the Continent, with a relatively tighter UK market now more in focus.