These commitments in particular guarantee that an average of 65% of the volume of electricity that it supplies to its large industrial customers in France will be put back on the market each year
- By Christopher Smith -
As part of the European Commission’s examination of EDF’s electricity supply contracts with its large industrial customers, EDF has submitted proposed commitments in response to concerns over competition, expressed by the Commission in December 2008.
These commitments in particular guarantee that an average of 65% of the volume of electricity that it supplies to its large industrial customers in France will be put back on the market each year.
By doing this, EDF intends to help the European Commission find solutions in order to accelerate the deregulation of electricity supply markets in France, while retaining a margin for manoeuvre that will enable it to respond to the demands of some of its customers for long-term electricity supply offers
The Commission has announced the launch of a market test to gather comments on EDF’s proposed commitments from market players, before adopting a decision that could render these commitments effective and put an end to the present legal proceedings.
The EDF Group, one of the leaders in the energy market in Europe, is an integrated energy company active in all businesses: generation, transmission, distribution, energy supply and trading. The Group is the leading electricity producer in Europe. In France, it has mainly nuclear and hydraulic production facilities where 95% of the electricity output involves no CO2 emissions. EDF’s transport and distribution subsidiaries in France operate 1,274,000 km of low and medium voltage overhead and underground electricity lines and around 100,000 km of high and very high voltage networks. The Group is involved in supplying energy and services to more than 38 million customers around the world, including more than 28 million in France. The Group generated consolidated sales of € 64.3 billion in 2008, of which 47% in Europe excluding France. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.