State involves EDF contributions to limit rise in electricity prices in 2022

At the end of September, the Prime Minister, Jean Castex, had announced “a tariff shield” on energy, including a 4% limitation of the increase in regulated electricity tariffs in 2022.

Le Monde with AFP

At about three months of the presidential election, being anxious to protect the purchasing power of the French, the Minister of the Economy, Bruno the Mayor, announces that the State will compel EDF for sale more. low price electricity to its competitors.

The executive, who had already reduced at least the main tax on electricity, will “implement a complementary measure by increasing tester (TWh) the volume of nuclear power sold at reduced price by EDF to its competitors, to pass it out of the exceptional way of 100 to 120 TWh, “the minister announced in an interview published on the site of the Parisian , Thursday 13 January.

The government wants to keep its promise to limit the rise in the French electricity bill in 2022, full of energy and high inflation prices. “These volumes will be accessible to all consumers, individuals, communities as professionals, via their supplier, according to modalities that will be specified very soon,” said the Ministry of the ecological transition in a statement.

EDF Takes note of the measures announced by the government

The Energy Regulatory Board’s mission is to monitor that electricity providers “will effectively pass on the benefit of consumers,” adds the department. This measure will cost between 7.7 billion and 8.4 billion euros at EDF, said Bruno the mayor. EDF said to take note of the measures announced by the government.

At the end of September, the Prime Minister, Jean Castex, had announced “a tariff shield” on energy, including a limitation to 4% of the increase in regulated electricity tariffs in 2022. Courses, doped by the global economic recovery, have continued to increase since then, but the government has not returned to its word.

Since December, it was considering this Arenh ceiling, the regulated access to historical nuclear power, so that suppliers have more cheap electricity at a fixed price, even increase the price settled slightly. at EDF.

While it is currently sold to 42 euros per megawatt hour (MWh) – instead of about 250 euros on the market currently – by EDF to its competitors, the government has “proposed to take up this selling price from 42 to 46.2 euros / MWh, which reduces the bill for EDF, “said Bruno the mayor.

The government had already reduced the main tax on electricity, from € 22.5 per megawatt hour to 50 cents, “a decision that represents a tax loss for the state of 8 billion. euros, “he said. This measure “allowed to cover about 15 points of rise in the price of electricity”, according to the minister, very “far from the 35% to come in two weeks”.

“So, it’s not going to be 40% of EDF’s production, but 50% that will be in permanent balances to competition,” responded to France-Presse Philippe the meritor, Secretary (CGT) of the Central Social and Economic Committee of EDF to the evocation of this measure.

The energetician is already struggling with new delivery delays of its new generation EPR nuclear reactor, under construction in Flamanville (Channel), and corrosion problems on other previous generation reactors, set to Stopping.

Beyond the sensitive political context, the minister assured that there would be “no catching up to a new increase in 2023”, the State and EDF supporting the cost of this measure.

/Media reports.