The president of the Energy Regulation Commission (CRE), responsible for monitoring the sale of low-cost electricity by EDF to its competitors, promised on Sunday to denounce any possible undue rent from these suppliers.
Arrangements have been made within CRE to monitor them closely, it will be a little name and shame (naming and blaming, Editor’s note), Jean-Franois Carenco declared on CNEWS: whoever deviates from the interest of the consumer, I will say it personally and strongly, to let it be known that there is an undue rent.
Three months before the presidential election, the government announced Thursday that it was going to 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 price spikes.
The Minister of the Economy had affirmed that suppliers other than EDF fully pass on the benefit to consumers.
It is the role of the CRE to try (to ensure) that everything is well transmitted in the tariffs offered by EDF’s competitors, underlined Mr. Carenco.
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While electricity is currently sold at 42 euros per megawatt/hour (instead of some 250 euros on the current market) by EDF and its competitors, the government has proposed raising this selling price from 42 to 46.2 euros/MWh, which allows 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 as much as possible, by reducing it from 22.50 euros per megawatt hour to 50 cents, a decision which represents a tax loss for the state of 8 billion euros.