France should drop the idea of an EU electricity market and fully nationalize energy giant EDF!
French policymaker or parliamentary opposition are of the opinion that rising electricity costs would be better managed with a more integrated public energy service
Tweet on EU electricity price hikes
French opposition coins the idea of exiting the EU electricity market!
Instead the parliamentary opposition are of the opinion that rising electricity costs would be better managed if fully nationalize the energy giant EDF, via @ euroactiv#electricitypricehike #gasprices pic.twitter.com/jZ5LwywYpV
— The_Journalbiz (@the_journalbiz) November 16, 2022
Eurostat chart on EU electricity price hikes
The announcement that the government will entirely recapitalise EDF, rather than fully nationalise it, means the company can still divide its activities, whether this is regarding nuclear or other renewables for example. Nationalisation, which needs approval from parliament, including on the activities, would, however, allow EDF to no longer face competition in the French electricity market.