CRE publishes its quarterly bulletin on wholesale electricity market activity for the 4th quarter of 2025
Electricity Gas
Published on
As part of its mission to monitor the wholesale energy markets, CRE analyses activity on the wholesale electricity markets, based in particular on the data reported by market participants under the REMIT regulation. To support the development of wholesale electricity markets and increase their transparency, particularly in the context of the end of Regulated Access to Incumbent Nuclear Electricity (Accès Régulé à l’Electricité Nucléaire Historique - ARENH), CRE publishes indicators on market activity in this document.
Key insights for the 4th quarter of 2025 and the year 2025
The 4th quarter of 2025 saw an increase in traded volumes compared to the previous quarter, with 550 TWh traded compared to 417 TWh in Q3 2025. An increase of 16% compared to the same quarter last year (473 TWh in Q4 2024).
Activity on the French futures markets strengthened further in 2025, reaching 1 897 TWh in trading volumes, 20% more than in 2024, which was already a year of strong growth compared to previous years. Medium-term markets (3, 4 and 5 years) caught up slightly with a strong final quarter in 2025, enabling them to return to a level of traded volumes comparable to that of 2024.
