{"id":7606,"date":"2020-12-10T15:37:13","date_gmt":"2020-12-10T14:37:13","guid":{"rendered":"https:\/\/hayaenergy.com\/french-market-analysis\/"},"modified":"2026-11-09T11:08:08","modified_gmt":"2026-11-09T10:08:08","slug":"mafs_french-market-analysis","status":"publish","type":"page","link":"https:\/\/hayaenergy.com\/es\/mafs_french-market-analysis\/","title":{"rendered":"An\u00e1lisis del mercado Franc\u00e9s (EN)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"7606\" class=\"elementor elementor-7606 elementor-67\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d40557e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d40557e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-47bbd37\" data-id=\"47bbd37\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a389b4 elementor-widget elementor-widget-heading\" data-id=\"5a389b4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Key Insights from the French Market Analysis<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff10e8c elementor-widget elementor-widget-text-editor\" data-id=\"ff10e8c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Analysis of the French energy market<\/strong> is key to understanding the dynamics and trends affecting the sector both locally and internationally. In this detailed analysis, we address the important factors influencing energy prices, supply and demand, and the latest regulatory policies. This comprehensive overview will allow you to keep up to date with weekly changes and anticipate possible market variations, both in France and in other relevant markets such as Spain.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7211e97 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"7211e97\" data-element_type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;],&quot;exclude_headings_by_selector&quot;:&quot;H3&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;marker_view&quot;:&quot;numbers&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h2 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h2>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__7211e97\" aria-expanded=\"true\" aria-label=\"Abrir la tabla de contenidos\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__7211e97\" aria-expanded=\"true\" aria-label=\"Cerrar la tabla de contenidos\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__7211e97\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d66e293 elementor-widget elementor-widget-heading\" data-id=\"d66e293\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">October 2026<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce905ea elementor-widget elementor-widget-text-editor\" data-id=\"ce905ea\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"font-size: 38px; background-color: var(--ast-global-color-5);\"><span style=\"font-size: 38px; color: #4bacc6;\"><b>Energy demand and generation mix<\/b><\/span><\/span><\/h2>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-936cfe4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"936cfe4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f42aa1d\" data-id=\"f42aa1d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-160f45b elementor-widget elementor-widget-image\" data-id=\"160f45b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"847\" height=\"1024\" src=\"https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Energy-Mix-Haya-Energy-Solutions-847x1024.png\" class=\"attachment-large size-large wp-image-21008\" alt=\"Table comparing two months forward prices for power, gas and CO2, including percentage changes by delivery period.\" srcset=\"https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Energy-Mix-Haya-Energy-Solutions-847x1024.png 847w, https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Energy-Mix-Haya-Energy-Solutions-248x300.png 248w, https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Energy-Mix-Haya-Energy-Solutions-768x929.png 768w, https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Energy-Mix-Haya-Energy-Solutions-1270x1536.png 1270w, https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Energy-Mix-Haya-Energy-Solutions-1694x2048.png 1694w, https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Energy-Mix-Haya-Energy-Solutions.png 1727w\" sizes=\"(max-width: 847px) 100vw, 847px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-865b5db elementor-widget elementor-widget-text-editor\" data-id=\"865b5db\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><em>Source: Haya Energy Solutions<\/em><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-9acfb86\" data-id=\"9acfb86\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-87e68af elementor-widget elementor-widget-text-editor\" data-id=\"87e68af\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In <strong>October 2026<\/strong>, total generation in France reached <strong>39,354.69 GWh<\/strong>.<\/p>\n<p><strong style=\"font-size: 16px;\">Nuclear power remains the backbone of the French generation mix<\/strong><span style=\"font-size: 16px;\">, playing a key role in ensuring system security of supply; it represented 69.7% of October\u2019s energy mix. However, environmental restrictions and numerous outages meant that the underlying balance remained tighter than usual. The other main technologies have been wind and PV. CCGT generation increased from 3.2% in September to 4.3% in October.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Regarding <\/span><strong style=\"font-size: 16px;\">renewable energy sources<\/strong><span style=\"font-size: 16px;\">, we have entered into the period of the year with less PV generation. <\/span><strong style=\"font-size: 16px;\">Wind was the largest renewable<\/strong> <strong style=\"font-size: 16px;\">contributor<\/strong><span style=\"font-size: 16px;\">, accounting for 12.3% of total generation. It was followed by PV generation (6.4%) and hydropower (5.9%). Hydroelectric stocks have decreased in the last months, reaching a critical point, from <\/span><strong style=\"font-size: 16px;\">1,840 GWh at the end of September until 1,600 GWh by end October<\/strong><span style=\"font-size: 16px;\"> (figures until week 43 in RTE), with very low levels in comparison with the last 5 years stock level in the same period.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ccca19 elementor-widget elementor-widget-image\" data-id=\"2ccca19\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"521\" data-src=\"https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/French-Hydro-stocks-Haya-Energy-Solutions-1024x521.png\" class=\"attachment-large size-large wp-image-21011 lazyload\" alt=\"French Hydro stocks\" data-srcset=\"https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/French-Hydro-stocks-Haya-Energy-Solutions-1024x521.png 1024w, https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/French-Hydro-stocks-Haya-Energy-Solutions-300x153.png 300w, https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/French-Hydro-stocks-Haya-Energy-Solutions-768x390.png 768w, https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/French-Hydro-stocks-Haya-Energy-Solutions-1536x781.png 1536w, https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/French-Hydro-stocks-Haya-Energy-Solutions-2048x1041.png 2048w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/521;\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f9e5686 elementor-widget elementor-widget-text-editor\" data-id=\"f9e5686\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW57110820 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW57110820 BCX8\">Note:<\/span><\/span><span class=\"TextRun SCXW57110820 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW57110820 BCX8\">\u00a0Hydraulic stock\u00a0<\/span><span class=\"NormalTextRun SCXW57110820 BCX8\">represents<\/span><span class=\"NormalTextRun SCXW57110820 BCX8\">\u00a0the aggregated energy content of French lake-type hydro reservoirs, expressed as\u00a0<\/span><\/span><span class=\"TextRun SCXW57110820 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW57110820 BCX8\">head energy<\/span><\/span><span class=\"TextRun SCXW57110820 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW57110820 BCX8\">\u00a0(energy producible by the plant directly connected to the reservoir). Maximum stock: 3,591 GWh. Data published weekly by RTE.<\/span><\/span><span class=\"EOP Selected SCXW57110820 BCX8\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e66b3a4 elementor-widget elementor-widget-text-editor\" data-id=\"e66b3a4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"color: #4bacc6; font-size: 38px;\"><b>Energy prices &amp; market panorama<\/b><\/span><\/h2>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5a8018 elementor-widget elementor-widget-text-editor\" data-id=\"f5a8018\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>French power markets experienced <strong>significant upward pressure during the first half of October<\/strong>, primarily reflecting <strong>elevated gas prices<\/strong>, exceptionally <strong>weak wind generation <\/strong>and persistent constraints on <strong>French nuclear<\/strong> and <strong>hydroelectric availability<\/strong>. Exceptionally low river flows restricted hydroelectric output and delayed the <strong>restart of the Chooz nuclear plan<\/strong>t, while temporary environmental constraints also affected generation at Saint-Alban. During the second half of October, the outlook <strong>became progressively more balanced<\/strong>. Improving wind conditions and periods of milder weather provided some relief to spot prices, while French nuclear availability recovered significantly, with generation exceeding <strong>42 GW<\/strong> by 29 October and further increases expected in early November. However, <strong>persistent dryness <\/strong>and <strong>renewed declines in river flows<\/strong> continued to pose risks to hydroelectric production and nuclear flexibility. Consequently, short-term power market pressure eased towards month-end, while forward prices remained supported by elevated gas costs and unresolved winter supply risks.<\/p>\n<p><span style=\"font-size: 16px;\">October\u2019s average spot electricity price in France reached <\/span><strong style=\"font-size: 16px;\">165.8 \u20ac\/MWh<\/strong><span style=\"font-size: 16px;\">, a <\/span><strong style=\"font-size: 16px;\">16% increase compared with September\u2019s average of 143.3 \u20ac\/MWh <\/strong><span style=\"font-size: 16px;\">and 189% above October 2025 (57.47 \u20ac\/MWh). As shown in the graph, prices fluctuated significantly throughout the month, with a minimum quarterly price of -0.01 <\/span><strong style=\"font-size: 16px;\">\u20ac\/MW<\/strong><strong style=\"font-size: 16px;\">h on 10<sup>th<\/sup> October<\/strong><span style=\"font-size: 16px;\"> at 15.00 pm and a maximum of <\/span><strong style=\"font-size: 16px;\">410.00 \u20ac\/MWh on 29<sup>th<\/sup> October <\/strong><span style=\"font-size: 16px;\">at 18.45 pm.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Low-price hours became less frequent than in September, with <\/span><strong style=\"font-size: 16px;\">4.0% of prices below \u20ac5\/MWh<\/strong><span style=\"font-size: 16px;\">, compared with <\/span><strong style=\"font-size: 16px;\">8.0% in September<\/strong><span style=\"font-size: 16px;\">. In contrast, high-price periods increase, with <\/span><strong style=\"font-size: 16px;\">74 % of prices above \u20ac120\/MWh, compared with 66 % in September<\/strong><span style=\"font-size: 16px;\">.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">In terms of cross-border flows, <\/span><strong style=\"font-size: 16px;\">France remained a net exporter<\/strong><span style=\"font-size: 16px;\"> across most interconnections. Hourly export levels reached c. 15 GW at peak during the month.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8293430 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"8293430\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" data-src=\"https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Gas-Prices-HayEnergySolutions.png\" title=\"Gas-Prices-HayEnergySolutions\" alt=\"Line chart showing daily gas prices in \u20ac\/MWh for 2026, with monthly benchmark price lines.\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" style=\"--smush-placeholder-width: 3337px; --smush-placeholder-aspect-ratio: 3337\/1560;\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b8231a elementor-widget elementor-widget-text-editor\" data-id=\"7b8231a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><em>Source: Haya Energy Solutions<\/em><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ecab716 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ecab716\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-c75ed1f\" data-id=\"c75ed1f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-93710fe elementor-widget elementor-widget-text-editor\" data-id=\"93710fe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Regarding the PEG Day-Ahead spot price, <strong>October 2026 prices averaged \u20ac85.8\/MWh<\/strong>, increasing by <strong>13<\/strong> <strong>% compared with September\u2019s average of \u20ac75.8\/ MWh<\/strong>, with daily prices ranging between <strong>72.3 \u20ac\/MWh and \u20ac102.1\/MWh <\/strong>throughout the month. As shown in the graph, prices remained extremely firm throughout the month and strengthened particularly during the middle of October, when they have reached the highest price of the past year (84\u20ac\/MWh) and did not decrease until the end of the month.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2ed2342\" data-id=\"2ed2342\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d33d3b3 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"d33d3b3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" data-src=\"https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/10\/Gas-Prices-HayEnergySolutions.png\" title=\"\" alt=\"Line chart showing daily gas prices in \u20ac\/MWh for 2026, with monthly benchmark price lines.\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" style=\"--smush-placeholder-width: 3339px; --smush-placeholder-aspect-ratio: 3339\/1561;\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73de2df elementor-widget elementor-widget-text-editor\" data-id=\"73de2df\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><em>Source: Haya Energy Solutions<\/em><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5ad369 elementor-widget elementor-widget-text-editor\" data-id=\"c5ad369\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>European natural gas markets remained <strong>under pressure throughout October<\/strong> as the combination of constrained LNG availability, Norwegian supply disruptions and gradually increasing seasonal consumption tightened the regional gas balance. At the beginning of the month, <strong>competition with Asian buyers<\/strong> intensified as ongoing restrictions to shipping through the Strait of Hormuz limited global LNG flexibility, forcing Europe to maintain competitive prices to secure imports and preserve storage inventories. During the first half of October, intermittent <strong>Norwegian supply outages<\/strong> compounded these concerns, while rising residential and commercial consumption progressively reduced the pace of European storage injections. The tightening became more pronounced around 20 October, when <strong>European storage facilities shifted into net withdrawals<\/strong> for the first time in the winter period. Extended maintenance at Norway&#8217;s Troll field subsequently reinforced supply-side pressure, leaving gas prices sensitive to both European weather developments and global LNG availability. The overall gas market <strong>remained structurally tight<\/strong>, with limited LNG flexibility and the prospect of stronger winter demand maintaining upward price risks and supporting European gas forward contracts.<\/p>\n<p><strong style=\"font-size: 16px;\">EU gas stocks ended October at around 74.7% full<\/strong><span style=\"font-size: 16px;\">, well below the <\/span><strong style=\"font-size: 16px;\">82.8% recorded at the same time in 2025<\/strong><span style=\"font-size: 16px;\">. This persistent storage deficit, together with uncertainties around LNG and Norwegian supply, leaves PEG prices particularly sensitive to further supply disruptions, weather conditions and competition with Asia for LNG for winter. France itself was around <\/span><strong style=\"font-size: 16px;\">86.7% full<\/strong><span style=\"font-size: 16px;\"> at the end of the month.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d201862 elementor-widget elementor-widget-text-editor\" data-id=\"d201862\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"font-size: 38px; color: #4bacc6;\"><b>Market trends and futures<\/b><\/span><\/h2>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f5285da elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f5285da\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-8f369b3\" data-id=\"8f369b3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-379b0f5 elementor-widget elementor-widget-image\" data-id=\"379b0f5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"787\" height=\"1024\" data-src=\"https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Futures-Prices-France-Haya-Energy-Solutions-787x1024.png\" class=\"attachment-large size-large wp-image-21014 lazyload\" alt=\"Table comparing two months forward prices for power, gas and CO2, including percentage changes by delivery period.\" data-srcset=\"https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Futures-Prices-France-Haya-Energy-Solutions-787x1024.png 787w, https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Futures-Prices-France-Haya-Energy-Solutions-231x300.png 231w, https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Futures-Prices-France-Haya-Energy-Solutions-768x999.png 768w, https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Futures-Prices-France-Haya-Energy-Solutions-1181x1536.png 1181w, https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Futures-Prices-France-Haya-Energy-Solutions.png 1240w\" data-sizes=\"(max-width: 787px) 100vw, 787px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 787px; --smush-placeholder-aspect-ratio: 787\/1024;\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67c50e2 elementor-widget elementor-widget-text-editor\" data-id=\"67c50e2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><em>Source: Haya Energy Solutions<\/em><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-47b7322\" data-id=\"47b7322\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d8db5d4 elementor-widget elementor-widget-text-editor\" data-id=\"d8db5d4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>During October, <strong>French power futures moved higher across the curve<\/strong>, with the strongest increases concentrated in the mid-term products (Q2-27 +46%). The French Cal-27 contract <strong>exceeded \u20ac100\/MWh for the first time since late 2023<\/strong>, with the rally extending across the forward curve rather than remaining concentrated in winter delivery periods.<\/p>\n<p><strong style=\"font-size: 16px;\">Gas forwards rose across the curve<\/strong><span style=\"font-size: 16px;\">, with short-term contracts increasing by around <\/span><strong style=\"font-size: 16px;\">16%<\/strong><span style=\"font-size: 16px;\">. European gas markets remain exposed to <\/span><strong style=\"font-size: 16px;\">low storage levels, LNG availability and geopolitical risks<\/strong><span style=\"font-size: 16px;\">, all of which have increased the risk premium for winter. This gas rally fed directly into French power forwards because <\/span><strong style=\"font-size: 16px;\">gas-fired generation often sets the marginal electricity price when nuclear or renewable availability is lower<\/strong><span style=\"font-size: 16px;\">. In those periods, higher gas prices translate into a higher marginal power price, especially during peak-demand hours or when renewable output falls.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-eaa5a57 elementor-widget elementor-widget-text-editor\" data-id=\"eaa5a57\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>With winter approaching, carbon prices <strong>became increasingly sensitive to developments in European gas and power markets<\/strong>, as tighter energy balances raised the potential demand for emission allowances. However, this fundamentally supportive environment was partly offset by <strong>growing political uncertainty surrounding the future of the EU Emissions Trading System<\/strong>. Discussions over the post-2030 Linear Reduction Factor, possible delays to ETS2 implementation and adjustments to the Market Stability Reserve introduced downward pressure. The agreement to raise the Market Stability Reserve invalidation threshold from 400 Mt to 700 Mt had a limited immediate market impact, as the measure was broadly anticipated.<\/p>\n<p><span style=\"font-size: 16px;\">Oil markets remained highly <\/span><strong style=\"font-size: 16px;\">volatile throughout October,<\/strong><span style=\"font-size: 16px;\"> with Brent prices primarily driven by developments in the Middle East and the risk of further disruptions to crude exports. The market increasingly distinguished between improving physical crude availability and the continued deterioration of regional security conditions. Although Gulf exports progressively recovered towards pre-conflict levels, elevated freight costs and persistent threats to maritime routes prevented a meaningful unwinding of the risk premium. Towards the end of October, Brent experienced some <\/span><strong style=\"font-size: 16px;\">downward pressure as diplomatic signals between Washington and Tehran<\/strong><span style=\"font-size: 16px;\">, alongside indications that further US military intervention could be delayed until after the November midterm elections, encouraged profit-taking. Despite this correction, Brent remained approximately 10% higher over the month, illustrating the continued dominance of geopolitical uncertainty over improving physical supply fundamentals.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1eb7e5b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1eb7e5b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7de3b4f\" data-id=\"7de3b4f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-200c428 elementor-widget elementor-widget-text-editor\" data-id=\"200c428\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"font-size: 38px; color: #4bacc6;\"><b>Key news and implications <\/b><\/span><\/h2>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b1b0d7 elementor-widget elementor-widget-text-editor\" data-id=\"6b1b0d7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Italy&#8217;s gas price cap<\/strong><\/p>\n<p>In mid-October, the Italian government reportedly secured the European Commission&#8217;s agreement in principle for a temporary mechanism targeting to reduce the impact of gas-fired generation costs on wholesale electricity prices, against a backdrop of renewed tensions in European gas markets. The proposal would introduce a reference gas price of approximately <strong>\u20ac60\/MWh<\/strong> for eligible gas-fired power plants. The mechanism would initially apply for 12 months, followed by a six-month phase-out period, although the final regulatory framework remains to be confirmed.<\/p>\n<p>Unlike a conventional price cap, the measure would not directly limit gas prices on the Italian PSV market. Gas would continue to be traded at market prices. Instead, eligible gas-fired power plants would receive compensation for the portion of their fuel costs exceeding the \u20ac60\/MWh reference threshold. This compensation would reduce their effective electricity generation costs, allowing them to submit lower offers to the wholesale electricity market.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2148d0f elementor-button-info elementor-align-center elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"2148d0f\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/hayaenergy.com\/es\/mafs_spanish-market-analysis\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Spanish Market Analysis<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7cc19eb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7cc19eb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b9b890a\" data-id=\"b9b890a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-10c47ee elementor-widget elementor-widget-heading\" data-id=\"10c47ee\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">FR Base Power Price (\u20ac\/MWh)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-690486a elementor-widget elementor-widget-html\" data-id=\"690486a\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe title=\"FR Base Power price (\u20ac\/MWh)\" aria-label=\"Line chart\" id=\"datawrapper-chart-vUPVb\" data-src=\"https:\/\/datawrapper.dwcdn.net\/vUPVb\/241\/\" scrolling=\"no\" frameborder=\"0\" style=\"border: none;\" width=\"648\" height=\"396\" data-external=\"1\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d8c97b5 elementor-widget elementor-widget-heading\" data-id=\"d8c97b5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">EUA price (\u20ac\/Tn)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-52c1a7b elementor-widget elementor-widget-html\" data-id=\"52c1a7b\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe title=\"EUA price (\u20ac\/Tn)\" aria-label=\"Line chart\" id=\"datawrapper-chart-mXgaA\" data-src=\"https:\/\/datawrapper.dwcdn.net\/mXgaA\/231\/\" scrolling=\"no\" frameborder=\"0\" style=\"border: none;\" width=\"648\" height=\"396\" data-external=\"1\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-696301b elementor-widget elementor-widget-heading\" data-id=\"696301b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Clean Spark Spread - Base \u20ac\/MWh)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b20b47a elementor-widget elementor-widget-html\" data-id=\"b20b47a\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe title=\"Clean Spark Spread - Base \u20ac\/MWh)\" aria-label=\"Line chart\" id=\"datawrapper-chart-SBJPQ\" data-src=\"https:\/\/datawrapper.dwcdn.net\/SBJPQ\/219\/\" scrolling=\"no\" frameborder=\"0\" style=\"border: none;\" width=\"648\" height=\"403\" data-external=\"1\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e7f9cd elementor-widget elementor-widget-heading\" data-id=\"3e7f9cd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Clean Dark Spread - Base \u20acMWh<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5273c8 elementor-widget elementor-widget-html\" data-id=\"d5273c8\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe title=\"Clean Dark Spread - Base \u20acMWh\" aria-label=\"Line chart\" id=\"datawrapper-chart-Upuw4\" data-src=\"https:\/\/datawrapper.dwcdn.net\/Upuw4\/231\/\" scrolling=\"no\" frameborder=\"0\" style=\"border: none;\" width=\"648\" height=\"396\" data-external=\"1\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-9da8151\" data-id=\"9da8151\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d92d4fb elementor-widget elementor-widget-heading\" data-id=\"d92d4fb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">FR Peak Power Price (\u20ac\/MWh)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e2eea3 elementor-widget elementor-widget-html\" data-id=\"1e2eea3\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe title=\"FR Peak Power price (\u20ac\/MWh)\" aria-label=\"Line chart\" id=\"datawrapper-chart-Nbwuq\" data-src=\"https:\/\/datawrapper.dwcdn.net\/Nbwuq\/243\/\" scrolling=\"no\" frameborder=\"0\" style=\"border: none;\" width=\"648\" height=\"396\" data-external=\"1\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f799f1 elementor-widget elementor-widget-heading\" data-id=\"0f799f1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">PEG Gas price (\u20ac\/MWh)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81111cb elementor-widget elementor-widget-html\" data-id=\"81111cb\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe title=\"PEGN Gas price (\u20ac\/MWh)\" aria-label=\"Line chart\" id=\"datawrapper-chart-ufNBY\" data-src=\"https:\/\/datawrapper.dwcdn.net\/ufNBY\/227\/\" scrolling=\"no\" frameborder=\"0\" style=\"border: none;\" width=\"648\" height=\"396\" data-external=\"1\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-790e462 elementor-widget elementor-widget-heading\" data-id=\"790e462\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Clean Spark Spread - Peak (\u20ac\/MWh)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a75b9c elementor-widget elementor-widget-html\" data-id=\"4a75b9c\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe title=\"Clean Spark Spread - Peak (\u20ac\/MWh)\" aria-label=\"Line chart\" id=\"datawrapper-chart-7gTmm\" data-src=\"https:\/\/datawrapper.dwcdn.net\/7gTmm\/219\/\" scrolling=\"no\" frameborder=\"0\" style=\"border: none;\" width=\"648\" height=\"396\" data-external=\"1\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04e9154 elementor-widget elementor-widget-heading\" data-id=\"04e9154\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Clean Dark Spread - Peak (\u20acMWh)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76179de elementor-widget elementor-widget-html\" data-id=\"76179de\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<iframe title=\"Clean Dark Spread - Peak (\u20acMWh)\" aria-label=\"Line chart\" id=\"datawrapper-chart-6vDz5\" data-src=\"https:\/\/datawrapper.dwcdn.net\/6vDz5\/256\/\" scrolling=\"no\" frameborder=\"0\" style=\"border: none;\" width=\"648\" height=\"403\" data-external=\"1\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Key Insights from the French Market Analysis Analysis of the French energy market is key to understanding the dynamics and trends affecting the sector both locally and internationally. In this detailed analysis, we address the important factors influencing energy prices, supply and demand, and the latest regulatory policies. This comprehensive overview will allow you to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"unboxed","site-sidebar-style":"unboxed","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>French Market Analysis - Haya Energy Solutions<\/title>\n<meta name=\"description\" content=\"Analysis of the French energy market is key to understanding the dynamics and trends affecting the sector.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hayaenergy.com\/es\/mafs_french-market-analysis\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"French Market Analysis - Haya Energy Solutions\" \/>\n<meta property=\"og:description\" content=\"Analysis of the French energy market is key to understanding the dynamics and trends affecting the sector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hayaenergy.com\/es\/mafs_french-market-analysis\/\" \/>\n<meta property=\"og:site_name\" content=\"Haya Energy Solutions\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-09T10:08:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hayaenergy.com\/wp-content\/uploads\/2026\/11\/Energy-Mix-Haya-Energy-Solutions.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1727\" \/>\n\t<meta property=\"og:image:height\" content=\"2088\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/hayaenergy.com\/es\/mafs_french-market-analysis\/\",\"url\":\"https:\/\/hayaenergy.com\/es\/mafs_french-market-analysis\/\",\"name\":\"French Market Analysis - 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