And now maybe let's go to the supply side of the picture, and especially since you've already mentioned French nuclear being one of the stress points, maybe tell our listeners why do heat waves particularly impact French nuclear?

Yeah, great question.

So this is where things start to be a bit more counterintuitive.

So you, of course, expect demand to increase during heat waves, but what is also affected is the entire power supply across Europe.

So what we're seeing is effectively two major impacted technologies.

We have the thermal technologies, which is gas-fired generation, coal-fired generation, but also very importantly, nuclear.

They become unavailable due to either a lack of cooling water, but also because due to discharge regulations, due, due to environmental regulations which lead to discharge constraints, right, into already warm rivers.

So can you tell us a little bit about how is this really fundamentally changing the market?

Maybe tell our listeners why do heat waves particularly impact French nuclear?

Yeah, great question.

So this is where things start to be a bit more counterintuitive.

So you, of course, expect demand to increase during heat waves, but what is also affected is the entire power supply across Europe.

So what we're seeing is effectively two major impacted technologies.

We have the thermal technologies, which is gas-fired generation, coal-fired generation, but also very importantly, nuclear.

They become unavailable due to either a lack of cooling water, but also because due to discharge regulations, due to environmental regulations which lead to discharge constraints, right, into already warm rivers.

So can you tell us a little bit about how is this really fundamentally changing the market?