Can Germany prevent the French from paying less for their electricity?

2023-09-29 04:21:06

Margaux Fodéré, edited by Alexandre Dalifard / Photo credit: GARO / PHANIE / PHANIE VIA AFP
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06:23, September 29, 2023

Until this Friday evening, around fifteen international ministers are gathered in Paris for a conference on nuclear energy under the aegis of France. If the government is waging a fight to guarantee the cheapest possible electricity for the French, Germany is opposed to French designs.

Around fifteen international ministers have been meeting in Paris since Thursday and until Friday evening. On the program, an international conference on nuclear energy under the aegis of France. The subject in fact directly concerns French households at a time when the price of tomorrow’s electricity is the subject of fierce discussions. France is working on a new framework which will provide us with equally reasonable prices in the coming years, but there is still a long way to go.

“The goal is not to ruin EDF”

The government is waging a fight to guarantee the cheapest possible electricity for the French. Today, the price per megawatt hour (MWh) is around 40 euros. From 2026, it could double or even triple to allow EDF to invest in our fleet. The executive therefore seeks to resolve the difficult equation of the right price. “There is a balance point to be found between the purchasing power of households, the competitiveness of the electricity system for our businesses and the finances of EDF. It would be good to have the lowest possible price, but the “The goal is not to ruin EDF”, explains Nicolas Goldberg, energy expert at Colombus Consulting.

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But the question of the price of electricity is also European. And Germany, which has given up on nuclear power, opposes French designs. “France is counting on nuclear power and in particular historic nuclear power to revive the competitiveness of its industry.Germany, on the contrary, relied heavily on Russian gas. However, today, it can no longer count on cheap Russian gas”, indicates Jacques Percebois, professor emeritus at the University of Montpellier. It is as much a question of the end of the month as the end of the world in this affair, because the energy transition will involve massive electrification of our uses.

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