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France wants EDF to sell more nuclear power to rivals, price could increase,

France wants EDF to sell more nuclear power to rivals, price could increase, Bate Felix, PARIS (Reuters) 24 19,- The French government plans to increase the amount of nuclear energy utility EDF is forced to sell to its competitors by 50 percent to 150 terawatt hours and is in talks with the European Commission to potentially raise the fixed price.The government aims to have both measures ready before the November auction window of the so-called ARENH market mechanism, under which EDF’s rivals bid for wholesale nuclear electricity for the year ahead, the energy ministry said.

If we want power prices to be contained in 2020, we need to increase the ceiling and it is the wish of the government to move quickly on those two measure before the November auction window,” an official of the energy ministry told journalists.

There would likely be a slight increase in the fixed price”, the official added.

The EU’s executive arm, which regulates market competition in the bloc would have to approve any change in the fixed wholesale nuclear price……..https://www.reuters.com/article/us-france-electricity/france-wants-edf-to-sell-more-nuclear-power-to-rivals-price-could-increase-idUSK

June 25, 2019 - Posted by | business and costs, France, politics

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