Energy crisis: a jackpot for Engie-Electrabel?

Will this new market situation weigh in the negotiations on the extension of 2 nuclear reactors? Hard to know. On the government side and on the Engie side, we are content to specify that the “negotiation” process is following its course.

Ecolo believes that with the margins currently generated by the energy company, it is necessary to renegotiate a significant tax on “nuclear rent”. But for its part, Engie – which has been specifying for 3 years that it needs 5 years to implement an extension of the reactors – is in a strong position to negotiate. To the point of wanting to obtain, in return, a renegotiation of the terms of the agreement on dismantling and waste management.

This is also spelled out in full in Engie’s quarterly report: “Given its scale, this potential extension would present a risk profile that extends beyond the normal activities of a private operator. ENGIE would therefore only engage in such a project as part of a balanced approach. of risk sharing, with a defined, stable and viable regulatory framework for the required investment, including also a clear framework for the dismantling and the management of nuclear waste”.

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