lawyermonthly 1100x100 oct2024eb sj lawyermonthly 800x90 dalyblack (1)

EDF Sues The French Government Over Energy Price Cap

In this Article
Reading Time:
< 1
 minutes
Posted: 11th August 2022 by
Lawyer Monthly
Share this article

EDF, which is undergoing nationalisation, has filed a compensation claim over the extension of France’s price cap in January. 

The French government forced the company to sell more of its energy to rival firms at prices below the market rates in a bid to address record-high energy prices that are exacerbating the cost of living crisis.

EDF is required to sell electricity to rivals at a heavy discount to mitigate its monopoly position. 

French officials increased the cap on the discount by a fifth in January, impacting the company's finances.

EDF says the government’s move has forced it to sell energy at a loss, with its claim stating that losses have totalled approximately €8.3 billion thus far. EDF claims the government’s actions could cost more than €15 billion across the year.

[ymal]

About Lawyer Monthly

Lawyer Monthly is a news website and monthly legal publication with content that is entirely defined by the significant legal news from around the world.