Why France's Power Prices Tumbled To Zero Despite Winter Onset

According to the Paris-based International Energy Agency, renewable energy development across the globe will induce a fall in coal-generated power next year.

"The rapid growth of renewables, supported by rising nuclear generation, is set to displace global coal-fired generation, which is forecast to fall by an average of 1.7% annually through 2026," the organisation said in its Executive Summary for global electricity demand.

France is reportedly facing an oversupply of electricity with the glut expected to last until 2028, according to Bloomberg. Power exports could surpass last year’s record, while domestic consumption remains subdued and solar and wind output continues to expand.

French next-year electricity contracts also decreased by around 30% in 2025 to trade close to 50 euros per megawatt-hour, the report added. This was a level that was last seen five years ago in 2020.