From pv magazine France
The French government and utility EDF have reached an agreement on the price of nuclear energy after “long, sometimes difficult negotiations,” according to Finance Minister Bruno Le Maire. The new average price for nuclear power was set at €70 ($76.10)/MWh for a period of 15 years starting from 2026.
The new pricing scheme will replace the so-called Regulated Access to Incumbent Nuclear Electricity (ARENH) mechanism, which requires EDF to sell 100 TWh per year of nuclear production to its competitors at €42/MWh. EDF currently owns and operates the France's nuclear power fleet and sees the current price as two low, given current market prices for electricity.
CRE, the French regulator, estimated the full cost of existing nuclear power at €60/MWh between 2026 and 2030. Compared to the threshold of €110/MWh, it is almost double.
“If we share the need to give EDF the means to invest, we regret an arbitration made for budgetary reasons to the detriment of price stability and the protection of French industry. A bill must soon be tabled by the government and detractors still hope to be able to influence certain aspects of the reform,” the association stated.
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