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EDF is essentially the state nuclear energy, which has been talks of being renationalized. > A price cap on energy for French consumers hit EDF profits hard bu
by Gwypaas 4y ago
EDF is essentially the state nuclear energy, which has been talks of being renationalized.
> A price cap on energy for French consumers hit EDF profits hard but so did the enforced closure of many of its of nuclear power stations for repairs.
> The losses are the third biggest in French corporate history and the worst for more than 20 years.
> EDF's debts have spiralled to €64.5bn.
https://www.bbc.com/news/world-europe-64674131 https://www.bbc.com/news/world-europe-64674131
- MichaelZuo 4y ago> EDF's debts have spiralled to €64.5bn. That's peanuts for decades of cheap energy for tens of millions of people and businesses. If it was 10x that number then there might be a point.
- pyrale 4y agoDude, you're talking about taxes, I tell you what ends up on my tax bill. Now you're telling me that EDF is essentially the state. Sure, but that's pretty much like my own company is essentially me. There are still two separate bank accounts, and clear rules and proper accounting about what goes from one account to the other. That's why I can tell precisely what is on my tax bill and what is on my utilities bill. My point was that the "EDF is subsidized, a large part of your energy bill is paid by your tax bill" claim is wrong. Now if you want my opinion about our current (and past) government and how they mismanage EDF and ruin the legacy they received, I can go on for hours. That's unrelated to nuclear, though.