ANALYSIS – In her general policy speech, the Prime Minister announced the plan to take over 100% of the capital of the energy company. The questions abound.
The renationalization of EDF now recorded by Elisabeth Borne, raises several questions: what are the reasons which led the executive to take this decision, what will be its cost or what will be the consequences on the French electricity market.
• Why launch this operation?
The nationalization should make it possible to stabilize the financial situation of the French energy giant. It continues to accumulate financial setbacks: to the additional costs linked to the difficulties of the existing nuclear fleet is added the expansion of the Arenh system, which allows competitors to have access to electricity at a competitive price, and finally the financing of the tariff shield wanted by the government to prevent the energy bill of the French from becoming too heavy. At the beginning of the year, the group suspended its financial forecasts both in terms of gross operating surplus (Ebitda) and debt ratio. Consequence: the rating agencies lowered…
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