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France Must Triple Power Tax to Pay EDF’s Solar Costs

A French tax on electricity must be almost tripled next year to pay for a seven-fold increase in subsidies for solar energy paid for by Electricite de France SA, according to the energy watchdog.

The tax should increase to 12.90 euros ($16.80) a megawatt-hour from the current 4.50 euros to pay for an increase in the cost of renewable power, mostly solar, France’s CRE regulator said in documents published today. The cost of solar power for state-controlled utilities is projected to rise to 915 million euros next year from 128 million euros in 2010.