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by rektide 1540 days ago
weather demand related, is one comment.

im interestes to hear more about the French Republic paying some.of the cost. do consumers just see a reduced rate on their bills, or is it clear that the state paid some of their bill? is thhe state blanketly paying out the same amount per use for everyone & every company, subsidizing by use, or are there limits or preconditions that apply?

1 comments

Electricity providers can choose their prices but EDF, which is the only state owned provider, must have at least one offering with prices fixed by the law.

Usually, this offering is overpriced but nowadays, it’s the cheapest way to get electricity.

So EDF, as a company, is currently, technically, taking the loss. But the French state is the main shareholder of EDF and can inject capital with public money into EDF if needed.

Other electricity providers are just loosing customers. But in France, electricity providers are not electricity producers, they are just intermediates between the consumer and the producer, so they can die and I don’t care. At least, EDF is state owned, main producer, main provider and the means of production (nuclear plants) have all been paid by public money.