FRANCE. Electricity market prices are negative, but for you it is positive, always more expensive and always increasing!

FRANCE. Electricity market prices are negative, but for you it is positive, always more expensive and always increasing!
FRANCE. Electricity market prices are negative, but for you it is positive, always more expensive and always increasing!

This Bloomberg article (source here) is worth its weight in peanuts… while we are all paying more and more for our energy bills which have become truly painful, the price of electricity is becoming negative in France on the electricity markets. fat !

If as an energy supplier I buy at a negative price to sell to you at a very positive price, I let you imagine the monstrous rent that the European Union has voluntarily created.

Why can prices be negative?

“France produces too much electricity on certain days at times of low demand. As a result, the price of electricity can sometimes become negative. Last week, the price per megawatt hour fell to -5.76 euros, the lowest reached in four years, reports Bloomberg. At the same time and for an equivalent contract, the megawatt hour was billed at 7.64 euros in Germany.

The public company Electricité de France, the leading producer and supplier of national electricity, has even requested the suspension of production at several nuclear power plants. EDF complied and temporarily shut down the Golfech 2, Cruas 2 and Tricastin 1 sites. Certain renewable energy producers are also forced, by contract, to stop their production in such a situation. of product, under penalty of penalties. France does not have enough energy storage infrastructure to be able to produce much more than it consumes. »

What you need to know is that we unplug in the first sense of the term solar panels and other wind turbines as production is so high, particularly in summer with photovoltaics. Intermittent and non-controllable energies are very complicated to manage.

Charles SANNAT

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To all subscribers to the STRATEGIES Letterthe file for the month of May is available in your reader areas here. It is dedicated to the stock market and stock investments. It is very important, even more so in the current context resulting from yesterday’s European elections where Macron decided to dissolve the National Assembly.

Our country (whether we are for or against is not the subject) risks entering a period of political turbulence.

Potential instability which can have repercussions on your assets, your currency and your liquidity.

Foreign and particularly American actions are a way of desensitizing yourself to the Eurozone, the Euro and the European Union. I explain everything to you in this file and I demonstrate to you the effectiveness of a very specific index strategy which will allow you to maximize what we call the return/risk couple. All the information to subscribe here.

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