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I didn't mean to imply that nationalization happened because nuclear power isn't commercially viable. The French situation was special even before full national
by fweimer 4y ago
I didn't mean to imply that nationalization happened because nuclear power isn't commercially viable. The French situation was special even before full nationalization.
I really doubt ARENH is the problem because as far as I understand it, it only applies to EDF's existing nuclear power plants. At 42 EUR/MWh wholesale, those plants should still make a tidy profit. Apparently, too few of them were actually running last year, and the French government imposed further price restrictions that also affected resale of energy that EDF purchased elsewhere at market prices (not coming from EDF's own nuclear fleet or its other power plants).