2023-11-14 10:36:00
Lat the end of a long negotiation. This Tuesday, November 14, the Minister of Economy and Finance, Bruno Le Maire, announced the conclusion of an agreement between the State and EDF. The two players reached an agreement guaranteeing an average price for nuclear electricity. It will, according to the Bercy tenant, be set “around 70 euros” per megawatt hour. “With this agreement, we have managed to find a vital balance between the competitiveness of our industry, visibility, stability for households and the development of EDF,” commented the minister, promising “permanent protection” for consumers on electricity prices.
These negotiations between EDF and its sole shareholder “were long, sometimes difficult, but they were successful”, indicated Bruno Le Maire with a smile to EDF CEO Luc Rémont, who participated in this press point and which also took part the Minister of Energy Transition, Agnès Pannier-Runacher, and her colleague from Industry, Roland Lescure.
Highlighting the massive electrification of uses, Bruno Le Maire indicated that it was “essential for the consumer to have price stability”, ensuring that it would be “guaranteed” by this new agreement. At the end of these negotiations, the signed agreement will “also guarantee our compatriots the financing of our future investments, in particular in new nuclear reactors”.
Preserve competitiveness
Another subject of attention, the competitiveness of the economy, while France is engaged in its reindustrialization. Here again, Bruno Le Maire assured that “for businesses, this agreement preserves our competitiveness assets”. He announced the extension of regulated prices to all very small businesses from 2026.
This agreement lays the foundations for the future regulation of the price of electricity while the current so-called “Arenh” mechanism, which benefits individual and industrial consumers, ends at the end of 2025. For industrialists who buy their electricity with two years in advance, there was an urgent need to find a new framework.
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