Thanks. The irony of that comment is that prices in Europe last year skyrocketed because of the failure of French nuclear. All of the neighboring countries were stuck with the bill of that failure.

Oh really? it had nothing to do with the price of the LNG that went through the roof because of the war in Ukraine and the fact that electricity price are governed by the price of the last capacity called (LNG plants)?

It was one part of it. The second part of it is the supply was heavily constrained. Countries around France (e.g. Italy and in some parts of the year Switzerland etc.) depended on that electricity too. So when it was gone it really screwed everything up. You are correct that gas is the highest priced and sets the price of all electricity, but it simply wouldn't have been used as much if french nuclear hadn't failed. That's how merit order works.