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The financial failure of EDF are mainly due to european regulations that forced price caps, making france sell at loss price when others needed energy last year
by evgpbfhnr 3y ago
The financial failure of EDF are mainly due to european regulations that forced price caps, making france sell at loss price when others needed energy last year (before the mess with plants breaking down everywhere)
Either way it's true that they let the situation degrade far too much while resting on aging infrastructure; it'll take a bit of time to get back on track whatever the direction is.
- pydry 3y agoAnd those price caps are what kept French retail prices reasonable. Either somebody has to shoulder the high cost or maintenance must be neglected. In France's case, we had both. Meanwhile because cost cutting on maintenance backed up wholesale prices next winter are a blowout - far worse than Germany's: https://www.archyde.com/french-electricity-prices-soar-for-winter-2023-2024-import-predictions-and-nuclear-fleet-issues-drive-high-costs/ https://www.archyde.com/french-electricity-prices-soar-for-w...