French energy markets regulator CRE proposed on Tuesday tighter rules under which alternative energy providers buy power from nuclear power station managed by state-controlled utility EDF. The move is aimed at curbing potential speculation in the French power market after spot and forward electricity prices surged to record highs over the past weeks due to tight nuclear supply concerns in France. CRE said its proposal would tighten the conditions under which EDF’s smaller rivals terminate their agreements with the former monopoly – a mechanism called ARENH. EDF asked last month for the whole scheme to be suspended while the market is so tight. The government refused, but tasked the CRE with modifying it to cut out speculative behaviour.
Reuters 8th Nov 2016 read more »