At a press conference this morning, Bruno Le Maire, French Minister of the Economy, Finance and Industrial and Digital Sovereignty, announced the conclusion of an agreement with EDF 'laying the foundations for the new French regulation of nuclear electricity' from 2026.

The agreement in question will guarantee a price per MWh of nuclear electricity of around 70 euros, a level corresponding to the total production costs of nuclear electricity in France, the Minister assures us.

Bruno Le Maire recalled that the price of electricity had always been a major competitive advantage for France, but that the inflationary shock had underlined the country's high exposure to the volatility of market prices.

Over the last two years, electricity prices have risen by 80%, 90%, 100% or even 110%. Consumers didn't see this because we introduced a tariff shield that cost 40 billion euros. This necessary measure could not be extended indefinitely, so we had to find another, less costly way of ensuring price stability. And that's what the agreement we've reached with EDF allows us to do," explained the Minister.

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