Low-cost electricity: the regulator will denounce any “undue rent” from


suppliers

PARIS (awp/afp) – The President of the Energy Regulatory Commission (CRE), responsible for monitoring the sale of electricity at low prices by EDF to its competitors, promised on Sunday to denounce any possible “undue rent” of these suppliers.

“The provisions are made within the CRE to monitor them closely, it will be a little bit + name and shame +” (naming and blaming, editor’s note), declared Jean-François Carenco on CNEWS: “whoever deviates from the interest of the consumer, I will say it personally and strongly, to make it known that there is an undue rent”.

Three months before the presidential election, the government announced Thursday that it would force EDF to sell more electricity at low prices to its competitors, to keep the promise to limit the rise in the French electricity bill to 4%. in 2022 in full surge in prices.

The Ministry of the Economy had affirmed that suppliers other than EDF “fully pass on the advantage derived for the benefit of consumers”.

“It is the role of CRE to try (to ensure) that all of this is well transmitted in the tariffs offered by competitors” from EDF, underlined Mr. Carenco.

While electricity is currently sold at 42 euros per megawatt/hour (instead of some 250 euros on the current market) by EDF to its competitors, the government has “proposed to raise this selling price from 42 to 46.2 euros/MWh, which makes it possible to reduce the bill for EDF”, indicated the Minister of the Economy Bruno Le Maire.

The government had already reduced the main tax on electricity to the maximum, by reducing it from 22.50 euros per megawatt hour to 50 centimes, “a decision which represents a tax loss for the State of 8 billion euros”.

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