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Electricity price of €70: Paris announces deal with EDF

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Published: November 15th, 2023,
Last updated: May 28th, 2025

EDF CEO Luc Rémont announces the deal with Finance Minister Bruno Le Maire and Energy Minister Agnès Pannier-Runacher.

The French nuclear power plant operator EDF is to market its electricity at an average price of €70 per megawatt hour from 2026, according to the government. Finance Minister Bruno Le Maire and Energy Minister Agnès Pannier-Runacher announced an agreement to this effect yesterday following a meeting with CEO Luc Rémont. The value is well below the market price of around €100 for the base load for 2026 but would be higher than the €42 for which EDF currently has to sell a large part of its generation under the ARENH mechanism, expiring in 2025.

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