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Electricity: Roux de Bézieux in favor of a reform of the European market

2021-10-11T06:49:10.675Z


The head of Medef believes that this system is involved in the current surge in energy prices. Geoffroy Roux de Bézieux on the same wavelength as Bruno Le Maire. In an interview with Les Échos on Monday, the head of Medef agrees with the Minister of the Economy's proposal to reform the single European electricity market, which he believes is the cause of the current price surge. Read alsoIs the electricity bill increasing less in France than elsewhere in Europe? " We support Bruno Le Mair


Geoffroy Roux de Bézieux on the same wavelength as Bruno Le Maire.

In an interview with

Les Échos on

Monday, the head of Medef agrees with the Minister of the Economy's proposal to reform the single European electricity market, which he believes is the cause of the current price surge.

Read alsoIs the electricity bill increasing less in France than elsewhere in Europe?

"

We support Bruno Le Maire's initiative to call into question the European directive of 1997 which deregulated the electricity market

", affirms Geoffroy Roux de Bézieux, judging that "

the system has clearly not found its point of 'balance

'. The boss considers "

absurd

" his principle according to which "

the market price corresponds to the marginal cost which aligns with gas while French electricity is much cheaper

".

The Minister of the Economy has also been pleading for several weeks for a review of the European electricity market, "aberrant" and "obsolete" according to the tenant of Bercy.

"

We must thoroughly review the functioning of the single electricity market: the French pay the bill in a way that is incomprehensible to them and totally inefficient from an economic point of view,

" he said on Public Senate at the end of September.

The subject was put on the table by France at European meetings last week.

Push nuclear

On the subject of the increase in wages, demanded by the government, Geoffroy Roux de Bézieux repeated to

Les Échos

his position, which has not changed.

"

If wage increases become general, it will not be sustainable for the economy as a whole,

" he said, explaining fear "

the inflationary effect

" of such a movement.

Read also Geoffroy Roux de Bézieux and Henri Guaino: what economic lessons to draw from Gaullism?

Finally, on the “

France 2030

investment plan

presented on Tuesday by Emmanuel Macron, the entrepreneur considers that nuclear power must be “

one of the priorities, given the challenges of the energy transition

”. "

The interest of this plan is to bring in new innovators in the most strategic sectors, so that a Darwinian process begins

", he indicates. Nuclear power should feature prominently in the plan of around thirty billion euros presented Tuesday by the head of state. The government wants to

"invest in the nuclear tool"

and

"renewable energies at the same time"

, explained Stanislas Guerini, the delegate general of La République en Marche (LREM) on Friday, referring to

“the construction of new power plants, smaller, faster models”

alongside the development of

“EPR models”

.

Read alsoWhat are SMRs, these mini nuclear power plants that the government wants to develop?

SEE ALSO

- Energy: "

The price increase is lower in France than elsewhere

", observes Clément Beaune

Source: lefigaro

All news articles on 2021-10-11

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