The European Commission did not wish to comment, at this stage, on the agreement reached by the French government and state-owned group EDF on Tuesday, 14 November. It is a ‘mechanism for capturing [economic] rent’, which consists of guaranteeing an average nuclear electricity price of €70/MWh for all production and redistributing, using a specific calculation method, the excess profits directly to consumers (households and businesses).
This mechanism thus moves away from using...