Bruno Le Maire asks EDF to sell more electricity at low prices

Bruno Le Maire announced on Thursday that the government wanted EDF to sell more electricity at low prices to its competitors, in order to keep its promise to limit the increase in the electricity bill of the French to 4% in 2022, despite soaring prices.

The government, which had already reduced as much as possible the main tax on electricity, a measure insufficient to contain this outbreak, will “implement an additional measure by increasing by 20 terawatt-hours (TWh) the volume of nuclear electricity sold at a reduced price. by EDF to its competitors, to increase it exceptionally from 100 to 120 TWh ”, explained the Minister of the Economy and Finance in an interview published on the website of Parisian.

This measure will cost between 7.7 billion and 8.4 billion euros for EDF, estimated Bruno Le Maire. At the end of September, Prime Minister Jean Castex announced “a tariff shield” on energy with in particular a limitation to 4% of the increase in regulated electricity tariffs in 2022.

A measure envisaged from December

Since December, the government has been considering raising this ceiling for the Arenh (regulated access to historic nuclear electricity) so that suppliers have more inexpensive electricity at a fixed price, even if it means slightly increasing the price paid to EDF.

While electricity is currently sold at 42 euros per MWh by EDF to its competitors, against some 250 euros on the current market, the government has “proposed to raise this sale price from 42 to 46.2 euros / MWh, this which makes it possible to reduce the bill for EDF ”, indicated Bruno Le Maire.

The government had already reduced to the maximum the main tax on electricity, by reducing it from 22.50 euros per megawatt hour (euro / MWh) to 50 centimes, “a decision which represents a tax loss for the State of 8 billion euros, ”said Bruno Le Maire.

This measure “made it possible to cover about 15 points of increase in the price of electricity”, according to the minister, very “far from the 35% to come in two weeks”.

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