The Limited Times

Now you can see non-English news...

EDF: the electricity quota sold at a reduced price officially raised

2022-03-12T10:05:33.560Z


The unions have lodged a complaint with the European Commission. The government published on Saturday the texts increasing the quota of electricity sold at a reduced price by EDF to its competitors within the framework of the "tariff shield". A decree and two decrees published in the official journal organize the increase until the end of the year by 20%, to 120 terawatt hours, of the Arenh ceiling (regulated access to historical nuclear electricity), a mechani


The government published on Saturday the texts increasing the quota of electricity sold at a reduced price by EDF to its competitors within the framework of the "tariff shield".

A decree and two decrees published in the official journal organize the increase until the end of the year by 20%, to 120 terawatt hours, of the Arenh ceiling (regulated access to historical nuclear electricity), a mechanism which forces the energy company to sell its production to its low-cost competitors.

This change will cost about 8 billion euros to EDF, whose management was also opposed to this measure.

Read alsoElectricity prices: industrialists demand more from the executive

Three favorable opinions on these texts from the Energy Regulatory Commission, an independent administrative authority responsible for ensuring the proper functioning of the electricity and gas markets in France, are also published on Saturday in the Official Journal.

In February, the Higher Energy Council (CSE), an advisory body made up of parliamentarians, representatives of consumers, local authorities, companies in the energy sector and employees, had for its part given an unfavorable opinion on the increase in the 'Arenh.

The government announced the establishment of this mechanism in January, to contain electricity bills in a context of sharp price increases, further reinforced since in particular by the Russian invasion of Ukraine.

Read alsoElectricity prices: after the strike, EDF unions are considering legal action

The CGT, CFE-CGC, CFDT and FO federations in the energy sector announced in a joint press release on Friday that they were going to ask the European Commission to open "a formal examination procedure

against of the French government on the aid scheme illegally put in place and potentially incompatible with the common market

" which, in their view, constitutes this raising of the Arenh.

Source: lefigaro

All news articles on 2022-03-12

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.