EDF nationalisation will not raise French household power bills
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EDF nationalisation will not raise French household power bills.
(credits: Google)
EDF is essential to France’s nuclear plan.
The government is relying on to mitigate the effects of skyrocketing energy prices.
The cost of power for the French people won’t change as a result of the nationalisation of EDF.
According to government spokesman Olivier Veran, the planned nationalisation of French power company EDF (EDF.PA) won’t raise electricity prices for French residents.
According to Veran, the cost of power for the French people won’t change as a result of the nationalisation of EDF.
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A day after France declared it would completely nationalise the indebted company, EDF and the French government announced on Thursday that they were looking for a new leader to revamp the energy company and construct more nuclear reactors.
One of Europe’s largest utilities, EDF, in which the state already owns an 84 percent stake, is essential to France’s nuclear plan, which the government is relying on to mitigate the effects of skyrocketing energy prices made worse by the conflict in Ukraine.
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The rupee, which has been on an upward trend for more than a week now, continued strengthening against the dollar in the interbank market on Friday. By 10:05am, the local currency had gained Rs2.15 against the dollar to reach Rs224, up 0.95 per cent from yesterday’s close of Rs226.15. The rupee had been on a consistent decline from July 15 and fallen to a record low of 239.94 on July 28. But since July 29, it has reversed gears and its value had risen by Rs14.15 till yesterday (Aug 4). The biggest hike was seen on Wednesday (Aug 3), when the rupee appreciated by a record single-day gain of Rs9.59 or 4.19pc. This major gain by the rupee has brought exchange rate stability as currency dealers feel that the fluctuations would not be as volatile as were witnessed in July when the greenback gained over 13pc in a single month against the local currency. More to follow. Source link
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