EDF nationalisation will not raise French household power bills – government

PARIS (Reuters) – The deliberate nationalisation of French energy utility EDF is not going to end in a rise within the electrical energy payments of French households, authorities spokesman Olivier Veran stated on Sunday.

“The nationalisation of EDF could have no impression on the price of electrical energy for the French folks,” Veran informed LCI tv.

EDF and the French authorities are searching for a brand new boss to overtake the facility utility and construct extra nuclear reactors, they stated on Thursday, a day after France introduced it could totally nationalise the debt-laden firm.

EDF, wherein the state already has an 84% stake, is one in all Europe’s greatest utilities and is central to France’s nuclear technique, which the federal government is banking on to blunt the impression of hovering vitality costs exacerbated by the battle in Ukraine.

(Reporting by Dominique Vidalon; Enhancing by Alison Williams)