Electricite de France SA, operator of the country’s 58 reactors, sank the most in five years in Paris trading after the energy minister said a promised tariff increase won’t happen.
French Energy Minister Segolene Royal said more transparency is needed on planned increases in consumer power prices charged by Electricite de France SA.
France wants to grant extensions to holders of hydroelectric concessions, scrapping plans to hold competitive bids for the contracts.
Electricite de France SA, operator of the country’s 58 reactors, sank the most in seven months after the energy minister questioned the need for tariff increases.
A proposed French energy law seeks to “find a balance” between the needs of the world’s biggest atomic generator and the country’s ambition to cut nuclear dependence.
"I am negotiating with EDF to protect purchasing power. No decision has been taken."
- Segolene Royal on Jul 04, 2014