European electricity prices fall back to lowest levels in two years

Cheaper prices should ease European inflation as France increases its nuclear power supply

Extensive repairs: A nuclear power plant in southern France

European benchmark electricity prices have fallen back to levels last seen two years ago.

The reductions are being driven by crucial nuclear reactors coming back online in France and will give a boost to the EU economy.

Electricity prices fell more than 5 per cent in October and the latest news will likely further stabilise prices and further reduce inflation across the bloc.

The continued reduction in energy costs will help many of Europe’s industries, ...