It is in order to contain, as promised, the increase in regulated electricity prices at 4 % in 2022 that the government forced EDF to increase by 20 % the annual electricity quota sold at prices reduced to its competitors.
Le Monde with AFP
The measurement is intended to limit the increase in electricity bills, but it is not unanimous. EDF claimed, Tuesday, August 9, compensation of 8.34 billion euros from the State following the government’s decision to award volumes of additional nuclear electricity to its competitors. “EDF has made a contentious appeal to the Council of State today, and a compensation request, for an estimated amount of 8.34 billion euros, with the State”, its main shareholder, said the Group in a press release .
It is in order to contain, as promised, the increase in regulated electricity prices at 4 % in 2022 that the government forced EDF to increase by 20 % the annual electricity quota sold at prices reduced to its Competitors, at 120 terawattheures (TWH), against 100 TWh. This sale is done within the framework of the mechanism called “regulated access to historic nuclear electricity” (ARENH), regularly denounced by EDF. The group is thus forced to sell its production at broken prices, when electricity reaches summits on the wholesale markets.
Following this decision, EDF warned of a plunge of its financial result in 2022, imputing it in particular to the raising of the Arenh ceiling. The state’s decision had been formalized in a decree on March 11 and then two orders.
EDF said on Tuesday that his approach is based on “in -depth legal analysis” and “having regard to damage suffered” under these texts. “The president and chief executive officer of EDF had indicated during his annual general meeting having sent the State a prior administrative appeal to request the withdrawal of the decree and the decrees of March 2022 relating to this allocation [of additional nuclear volumes ] “, recalls the group.
Jean-Bernard Lévy, whose state now wants to accelerate the succession as part of the expected renationalization of EDF, had, in fact, announced an appeal in May. “Both the price and the conditions for these powers are considerably penalizing us,” he said.