[pjerem]

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.