Draft Law: EDF To Sell A Third Of Nuclear Power To Competitors - Nuclear Power Industry... - 0 views
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"According to a report by Bloomberg, Electricite de France SA, (EDF) Europe's biggest generator, would be forced to sell as much as 120 terawatt-hours of power a year to rivals, about one third of its French nuclear output, under a draft law to open competition. EDF, a leading nuclear power utility, operates a French nuclear fleet consisting of 58 reactors spread over 19 different sites. click for full sizeThe planned legilsation is designed to meet antitrust concerns of the European Commission, which raided EDF offices last year as part of a probe into whether the utility abused its dominant position by raising prices on France's wholesale power market. State-controlled EDF holds 85 percent of the market by volume even after it was opened to competition nearly three years ago. "The price will reflect the economic conditions" of EDF's existing nuclear reactors and "all of the costs" of operating them will be calculated by the regulator, according to the document."