EDF Will Sell 15% of Nuclear Output to Rivals From July
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Electricite de France SA, Europe’s biggest power producer, will sell about 15 percent of its nuclear output to rivals after a law aimed at opening up the French market starts on July 1.
The legislation requires EDF to sell power from its 58 nuclear reactors to rivals including GDF Suez SA at a price set by the government of 40 euros ($57) a megawatt-hour until the end of the year. The company will sell 61.3 terrawatt-hours in the next six months to other power suppliers, France’s energy regulator said on its website. The price will rise to 42 euros a megawatt-hour next year.