French Electricity Price Exceeds 1,000 Euros for First Time

The French year-ahead contract rose as much as 25% to 1,130 euros a megawatt-hour on the European Energy Exchange AG Friday. The German equivalent also gained to a record, rising as much as 33% to 995 euros a megawatt-hour for a gain of about 70% this week. In oil market terms, it’s the equivalent of over $1,600 a barrel.

Wow!  And to think I felt bad about my electric bill of 26 cents a kWh.  The French will be paying $1.13 kWh!

At the same time shortages will mean NO natural gas for heating, at any price!

Well, Frack Me!

… and don’t forget about the rising price of home heating oil!