G-EWGZMLLNG0
blog name png 2020 B red

Life Experience

French nuclear giant makes its worst ever loss.

Nuclear power stations go off line.

BBC report

“EDF’s nuclear output in France fell by 30% to its lowest since 1988 as more than half of its 56 ageing nuclear power stations went offline for repairs, which had been delayed because of the Covid-19 pandemic. “

How Macron protected electricity consumers

“In France, President Emmanuel Macron’s government responded to Russia’s invasion of Ukraine by imposing a tariff “shield” for consumers, limiting energy companies to a 4% rise in 2022 followed by 15% in 2023, keeping inflation lower than in other European countries.

But it meant that EDF had to sell power to French consumers at a loss, while UK consumers paid far more for their energy. EDF has around 80% of France’s electricity market.”

Read the full report: https://www.bbc.co.uk/news/world-europe-64674131

 

Please consider sharing this post

More on similar interests

David Roberts

Writer, publisher, music promoter

Born in 1942, I now have time to enjoy life more widely and reflect on my experience, interests, and contemporary events.

David Roberts

Special
Explore
0
Would love your thoughts, please comment.x
Scroll to Top