Falling electricity prices are
slowing EDF s negotiations with industrial customers for
long-term contracts, four sources and experts say, threatening
the debt-laden energy group s long-term finances.
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5 Feb, 2021 Author Camilla Naschert
A worker at an Electricité de France wind farm. The utility s profitability is weighed down by an expensive and unprofitable nuclear division, but a ring-fencing of the division is opposed by workers unions who fear layoffs and a divergence of conditions across the group.
Source: Electricité de France
Political wrangling over nuclear compensation and the future structure of Electricité de France SA, France s largest utility, is going down to the wire. Reforms are seen as necessary, but the path to an agreement is rocky, and time is of the essence.
A planned reorganization could see Electricité de France, or EDF, split into a fully state-owned holding company code-named EDF Blue to manage its nuclear power plants and a listed business made up of its renewables, distribution and supply units called EDF Green. EDF s hydropower activities could be moved into a separa