Connect with us

France

EDF nationalization will not raise French household power bills - government

SHARE:

Published

4 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

General view of the 585-megawatt EDF gas fired power plant in Bouchain (near Valenciennes), France, 7 July, 2022.

The planned nationalization of French power utility EDF (EDF.PA. ) will not lead to an increase in electricity bills for French households, Olivier Veran, a government spokesperson, said on Sunday (10 July).

Veran stated to LCI television that the nationalization of EDF would not have any impact on electricity prices for the French people.

French and EDF are looking for a new boss to oversee the utility's restructuring and build more nuclear reactors. This comes a day after France declared it would nationalize the debt-laden firm.

EDF, where the state holds an 84% share, is one the largest utilities in Europe. It is also central to France's nuclear strategy. The government hopes that EDF will help to reduce the effects of the soaring energy costs exacerbated by the conflict in Ukraine.

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending