France is staring down an extended period of surplus electricity—projections now show the glut lasting through 2028 at minimum. Why? Power consumption isn't climbing as fast as grid planners anticipated. The culprit is straightforward: economic growth remains sluggish, dragging down industrial activity and overall energy appetite.

For those tracking energy-intensive industries like crypto mining, this could be noteworthy. Persistent oversupply typically translates to softer wholesale electricity prices, which might improve operational economics for mining facilities in the region. However, whether France's regulatory environment and grid access policies will actually make this surplus accessible to such operations remains another question entirely.

Either way, when a major European economy faces years of excess capacity, it's worth keeping on the radar—especially for sectors where energy costs make or break profitability.