ELECTRICITY PRICING COMPARISON

Power Cost by Market — June 2026
France (nuclear baseload): €50–70/MWh · stable · 24/7 · low-carbon
Germany: €90–120/MWh · gas-dependent peak · carbon exposure
Ireland: ~€80–100/MWh · renewable intermittent + gas peak
UK: £80–110/MWh · high renewable cost
US (gas-based markets): $60–90/MWh · variable · carbon-intensive
US nuclear PPA (available): $40–60/MWh but limited capacity and long procurement

THE 100MW OPERATING COST DIFFERENCE

For a 100MW AI data center operating at 90% utilization: France nuclear at €60/MWh = €47M/year. Germany at €105/MWh = €83M/year. The difference is €36M/year in operating costs — before capital efficiency gains from faster deployment. Over a 10-year asset life, the electricity price differential alone represents €360M+ in value.

NUCLEAR PPA STABILITY VS GAS VOLATILITY

US gas-based electricity pricing is volatile — the 2022 European gas crisis demonstrated how quickly power costs can move. French nuclear pricing is set through regulated mechanisms (ARENH) and bilateral PPAs that offer multi-year price visibility. For AI companies with long-duration infrastructure investments, this price stability has material value beyond the headline rate.

FURTHER READING

France Power Availability · AI Data Center France · Choose France 2026

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GridReadiness · frederic_arn@yahoo.fr · June 2026