Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

France Studies Court Ruling Canceling Regulated EDF Power Rates

Don't Miss Out —
Follow us on:

Oct. 24 (Bloomberg) -- France is considering a court ruling that canceled regulated power rates by Electricite de France SA during 2009 and 2010, Environment Minister Delphine Batho said.

The nation’s highest court canceled rates set from Aug. 15, 2009, to Aug. 13, 2010, because their basis wasn’t properly explained in a government decree announcing the charges.

The country is carrying out a technical study of the effect of the decision, Batho said after a parliamentary hearing. The ruling shows power rates are “ill-adapted,” she said earlier.

Lawmakers are debating a proposal to vary power and natural gas rates depending on whether families use energy efficiently. Draft legislation stems from a campaign pledge by President Francois Hollande to lower energy costs for consumers and has been criticized by the opposition, consumer groups and labor unions, and was voted down by a Senate commission yesterday.

The government has also set gas charges at a rate that the regulator deems too low to cover the cost of supply. GDF Suez SA Executive Vice-President Jean-Marie Dauger said yesterday it was possible the government would be taken to court over the rates.

To contact the reporter on this story: Tara Patel in Paris at tpatel2@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.