How ‘France First’ doomed a nuclear CEO

How ‘France First’ doomed a nuclear CEO

PARIS — If you run France’s nuclear reactors, you damn well better put France first. If not, well, there’s always the guillotine.  The knife blade fell for just that reason last Friday on Luc Rémont, CEO of France’s mammoth state-run nuclear firm, EDF — the company primarily responsible for powering a country that gets 70 percent of its electricity from atomic energy. It didn’t matter that Rémont had revived a troubled company in only a couple o…

Even before its entry into force, the reform of the electricity market in France reveals all its impasses: it is impossible to reconcile the dual language of power, supporting both a French preference and respect for European competition rules. It has just caused its president Luc Rémont to break down.

EDITORIAL. Luc Rémont's eviction, CEO of Energy, illustrates the difficulty of meeting the demands of the shareholder state, which asks it both to invest massively in nuclear power and to maintain low prices to facilitate the reindustrialization of the country.

On 22 February 2022, the Autorité de la concurrence took a decisive decision. EDF must now transmit the personal data of its customers benefiting from the Blue Tariff to alternative suppliers. This measure is introduced to offer fairer conditions of competition in the electricity market, a sector where EDF enjoyed a monopoly for a long time thanks to its exclusive customer database. This change marks a turning point in the French electric world.…

Paris - The government calls on EDF and the major industrialists to continue the dialogue in order to reach by the summer an agreement on the electricity tariff, one of the subjects of friction between the state shareholder and the boss of the group, pushed towards the exit Friday 21 March

Every Tuesday, I receive a member of the IRIS research team to decipher an international news story. Today, an exchange with Frédéric Jeannin, a researcher at IRIS, on the challenges of the French nuclear industry in an international energy context in recomposition.Article France: the challenges of civil nuclear powerThe Tuesdays of IRIS appeared first on IRIS.