The calamitous story of EDF and its competition. I would like to draw your attention to the hallucinatory nature of the scenario”. The little sentence of the ex-boss of EDF, Henri Proglio, in May 2010 in front of the French deputies sums up the incredible story of the“ European energy market ”. . Through a legislative mille-feuille and a Kafkaesque financial apparatus, the authorities have been striving for three decades to try to give life to a competition as fictitious as it is lucrative for a handful of industrialists. The Hercules plan, which must complete the dislocation of EDF before the end of the year and prepare for the privatization of its profitable activities, risks further increasing the two main problems of this model: rising prices for consumers and energy transition slipping.
Politis 25th Nov 2020 read more »
According to our information, the Elysee Palace on Wednesday ratified “Hercules”, the project to reorganize the public company. The price of nuclear electricity sold by EDF to its competitors will increase, in return the hydroelectricity will be made a subsidiary at the request of the European Commission. After several months of tense negotiations between Paris and Brussels on the future of EDF, the Directorate-General for Competition (DGComp) of the European Commission seems to have won their case. According to our information, the Elysee Palace in fact ratified, on Wednesday, the project to reorganize EDF, called “Hercules”, started in 2019 at the request of Emmanuel Macron , and the requests of the DGComp on the reform of the tariff of ‘regulated access to historical nuclear power (Arenh), the wholesale price of nuclear electricity sold by the electrician to its competitors.
Liberation 26th Nov 2020 read more »