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"Competition" in a nuclear world...
EDF Needs Nuclear Power Rate Increase for Survival, Proglio Says
By Tara Patel Feb 13, 2014 7:46 AM ET
Electricite de France SA can’t make ends meet unless it can raise the price of wholesale nuclear power it sells to rivals, its chief executive officer said.
“One can’t demand of a company to sell a quarter of its output below cost over the long term,” Henri Proglio told reporters today at a presentation of 2013 results. “No company can survive” on these terms “without compensation.”
Proglio’s comments indicate a battle over the regulated price, known as Arenh, is intensifying as the utility demands the rate be increased, and competitors and industry want it lowered. Under a system meant to boost competition, EDF has to sell about a quarter of its annual atomic output to competitors.
...While the current rate has helped competition, it should be phased out over time, he said. Other utilities “are free to decide” if they want to buy the power or get supplies elsewhere.
Factory owners have stepped up a campaign against energy costs that they say are higher in France because of the system of regulated power rates....
By Tara Patel Feb 13, 2014 7:46 AM ET
Electricite de France SA can’t make ends meet unless it can raise the price of wholesale nuclear power it sells to rivals, its chief executive officer said.
“One can’t demand of a company to sell a quarter of its output below cost over the long term,” Henri Proglio told reporters today at a presentation of 2013 results. “No company can survive” on these terms “without compensation.”
Proglio’s comments indicate a battle over the regulated price, known as Arenh, is intensifying as the utility demands the rate be increased, and competitors and industry want it lowered. Under a system meant to boost competition, EDF has to sell about a quarter of its annual atomic output to competitors.
...While the current rate has helped competition, it should be phased out over time, he said. Other utilities “are free to decide” if they want to buy the power or get supplies elsewhere.
Factory owners have stepped up a campaign against energy costs that they say are higher in France because of the system of regulated power rates....
http://www.bloomberg.com/news/2014-02-13/edf-needs-nuclear-power-rate-increase-for-survival-proglio-says.html
