but there is the passage before the Senate ....
Meanwhile, it is not me saying it but the magazine Challenge Edf we prepare to say goodbye to cheap electricity.
" EDF prepares us say goodbye to cheap electricity
Nome Law, which obliges the public undertaking to sell its output at cost to its competitors, turns the whole situation.
While members voted June 15 the law on reorganization of the electricity market (Nome), individuals may see their bills rise . Until now protected by regulated tariffs, the French enjoyed a power among the cheapest in Europe. But the law will force Nome EDF to sell at cost a portion of its production in nuclear competition. To finance the necessary investments, EDF is raising its rates. And, sooner or later the Regulatory Commission of Energy and the Government will endorse the increase, especially as electricity is cheap in France. This is the paradox of liberalization initiated by Brussels: the competition between incumbents leads to ... higher prices. PL
Lesson No. 1: Stability
The price per kilowatt hour, controlled by France, is remarkably stable over the past ten years. He even declined slightly, unlike what happens in the rest of Europe, where prices have risen sharply. The France gets the result of huge investments made in the 1980s.
Lesson No. 2: The Exemplary
kilowatthour sold in France is cheaper than elsewhere in Europe. The French electricity production, mainly from nuclear and hydro, is not affected by the rising price of oil, much used in other countries to run power plants.
Lesson No. 3: Competitiveness
EDF, which produces at low prices thanks to nuclear power, would be an advantage. The idea of the new Electricity Law, Nome, is to require the public company to share the pension by selling its output at cost-competitive. EDF believes that it is neither more nor less of a "looting" the company. "
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