EUROPE POWER-French spot contract rises on colder weather
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The French spot electricity contract for Friday increased by 11.7% to 100.50 euros/MWh due to colder weather boosting demand. Meanwhile, German forward prices rose alongside higher gas contracts and carbon prices. French nuclear availability remained steady at 88%, but power availability was reduced by 500 MW due to a strike at the Paluel 3 reactor. Analysts noted that cold forecasts and depleting gas storages are key factors influencing the market, alongside geopolitical developments following U.S. President Trump's tariff threats.
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