French energy costs hit 19-month high

Energy prices in France have risen to their highest level since January 2025, due to disruptions in nuclear reactor operations and higher electricity costs, despite recent declines in natural gas prices. Power outages at the Golfech 1 and Châtam 4 reactors have been extended until mid-September, as preparations are underway for a strike by workers at the Chinon nuclear plant. Despite decreased demand and strong solar energy production, concerns over potential suspension of nuclear energy output have contributed to the price increase to €116.83 per megawatt-hour, representing a 3.1% rise on the European Energy Exchange.

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