Story perspectives

French Electricity Prices Hit Six-Year Low Amid Supply Surge

2/27/2026

Summary

Story summary

French electricity prices have dropped to their six-year low, at €21.10 per megawatt-hour.
The decline reflects a supply glut from strong nuclear output, record renewables, and ample hydro.
But constrained export capacity and weak industrial demand are likely to keep prices depressed.
In Spain, wholesale prices reached record lows, averaging €16 per megawatt-hour in February.
Analysts say expanded cross-border exports could stabilize prices as both countries face excess generation.

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Story summary

French electricity prices have dropped to their six-year low, at €21.10 per megawatt-hour.
The decline reflects a supply glut from strong nuclear output, record renewables, and ample hydro.
But constrained export capacity and weak industrial demand are likely to keep prices depressed.
In Spain, wholesale prices reached record lows, averaging €16 per megawatt-hour in February.
Analysts say expanded cross-border exports could stabilize prices as both countries face excess generation.