These three auctions will, in total, allow 9 alternative suppliers to acquire 1,500 MW which is the total amount of energy being offered by EDF
- By Mark McFadden -
In accordance with the decision of the Competition Council on 10th December 2007, EDF organized, for the third and last time, an auction aimed to alternative electricity suppliers in France, covering base load electricity supply contracts, for a period up to 15 years. At the first auctions on 12 March 2008 and 19 November 2008, all offers were fully taken up.
4 companies participated in the third auction which was held under excellent conditions, allowing them to buy the 500 MW proposed by EDF.
This initiative seeks to contribute to the development of competition on the small business and residential customers market.
These three auctions will, in total, allow 9 alternative suppliers to acquire 1,500 MW which is the total amount of energy being offered by EDF.
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