It seems these kind of graphs are becoming the norm nowadays. German 1-year forward baseload electricity went over 340 Euros. For at least 10 years before 2021 it was 50 Euros or lower. France is in a similar situation. Its price surged to 440 Euros per MWh. This is 675% above the 10-year average. And 1 year forward prices are meant to be more stable! Maybe now wasn't the best time for France to take half its nuclear power stations offline for maintenance. Nor is it the best time for German to switch off its remaining nuclear power stations after already closing several of them in 2021. And whilst France are relatively self-sufficient when their nuclear power stations are operational, they want to follow Germany and close them all by 2050. Already, Germany is rationing hot water, closing public swimming pools and dimming street lights. And it's only July. These kind of prices are going to crush their manufacturing sector, if not the country as a whole. Power prices are already forcing US industrial operations to massively scale back. Germany's energy regulator recently published various scenarios for their natural gas supply this winter