Judges Seen Raising French Power Prices to Rescue EDF: Energy
This article is for subscribers only.
Tradition holds that once the French are comfortably ensconced on their summer holidays, the government quietly announces an increase in household power rates charged by the utility Electricite de France SA.
This year, the ritual may take a different turn and end up before judges. A June report by regulators concluded domestic power rates, half those of neighboring Germany, should rise almost 10 percent. That’s five times the increase the government proposed last year.