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How the state lets private electricity suppliers siphon off EDF’s resources, in the hope of saving an opening of the energy market.
By Erwan Seznec and Geraldine Woessner (with Clement Fayol)
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Teuro rent two years ago, 200 euros at the start of the year, almost 500 euros per megawatt hour (MWh) at the end of August: the European electricity market seems out of control, and nothing suggests a rapid return to normal. In question, a vigorous post-Covid recovery and the war in Ukraine, which disrupts Russian gas supplies. Two factors aggravated, on the French side, by a historically low availability of the nuclear fleet.
Do the French realize the extent of the problem? Not sure. Their electricity bills at the regulated rate have increased by only 4% since last winter. Without the tariff shield introduced by the government in the fall of 2021, they would have soared by 35%. And, if the government has decided to extend the dike in 2023…
AFP – Fred MARVAUX/REA FOR “LE POINT” – NurPhoto via AFP
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