Energy major Total is among several power suppliers that tried to declare force majeure on buying nuclear power from EDF, sources said, as the coronavirus outbreak has pushed prices in the French electricity market far below existing contracts. France’s energy market regulator CRE said last week it had rejected requests from several unnamed power suppliers to activate the force majeure clause in so-called ARENH contracts which allow them to buy EDF’s nuclear power at a fixed price. Two lobby groups representing French power and gas distributors have launched an urgent procedure with the State Council, the France’s highest administrate court, to annul the regulator’s decision, a spokesman for the court said on Monday. The lobby groups ANODE and AFIEG represent several energy companies including Total, Eni (ENI.MI), Vattenfall [VATN.UL], Alpiq ALP.SG, Endesa (ELE.MC), and GazelEnergie.
Reuters 6th April 2020 read more »