Bad news is piling up for EDF. Its action plunged more than 23% on the stock market on Friday following the suspension of a financial forecast, linked to the demand by the government to sell more electricity at low cost to its competitors.
At 9:16 am, the title tumbled 22.36% to 8.03 euros, in a market down 0.79%, following a mechanical suspension in the first exchanges due to excessive movements.
The State will force EDF to sell more electricity at low prices to its competitors, announced Thursday evening the Minister of the Economy Bruno Le Maire in our columns, anxious to protect the purchasing power of the French at three months of the presidential election.
The government wants to keep its promise to limit to 4% the increase in the electricity bill of the French in 2022 in the midst of soaring energy prices and in a context of high inflation.
