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French Businesses Urge EU to Curb Energy Costs as Stoppages Loom

  • Uniden says costly energy makes its members uncompetitive
  • Group calls for gas price cap, new design for power market
Power lines near the Nogent nuclear power plant in France.
Power lines near the Nogent nuclear power plant in France.Photographer: Cyril Marcilhacy/Bloomberg

A group of French energy-intensive manufacturers urged the European Commission to urgently overhaul the continent’s electricity market and cap gas prices as surging costs threaten to force a growing number of plants to slow or halt production.

European leaders are under increasing pressure to tame energy prices, which have skyrocketed in the past year as Russia limited gas supplies in retaliation for sanctions over its invasion of Ukraine. France faces the added problem of an unprecedented plunge in the availability of its aging nuclear plants.