While German electricity contracts for May were trading at around €86.80 per megawatt-hour, the price in France was only €22.06 for the same amount of electricity, according to the electricity trade index EEX.
A key reason for this difference is the energy mix: France meets about 70% of its electricity needs through nuclear power and continues to rely heavily on nuclear energy, which is expected to play a central role there in the long term, through 2050. Earlier plans to shut down several reactors have since been partially revised—many plants are to remain in operation or be used for longer. As a result, the electricity supply remains comparatively stable even when feed-in from wind and solar fluctuates.
