France's Le Maire: Electricity price caps will be phased out by end-2024

Electricite de France SA

09/05/2023 07:07

PARIS, May 9 (Reuters) - A government scheme to cap
electricity prices for households will end at the end of next
year, French Finance Minister Bruno Le Maire told France Culture
radio on Tuesday. 
    Le Maire previously said the price cap would be upheld until
"early 2025". 
    European electricity prices soared last year, mainly driven
by fallout from the war in Ukraine and record-low nuclear output
in France, where state-owned utility EDF  EDF.PA  is rushing to
fix reactors affected by stress corrosion.

 (Reporting by Tassilo Hummel; Editing Benoit Van Overstraeten)
 ((tassilo.hummel@thomsonreuters.com ; Twitter handle:
@tassilo_hummel;))