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France to Nationalise EDF

ENERGY SECURITY

French Prime Minister Elisabeth Borne told parliament the state aimed to fully nationalise the power company EDF.

  • The state already owns 84% of the financially struggling utility.
  • Borne said “The climate emergency required strong, radical decisions. We need to have full control of the production and our energy future” during a policy speech in parliament.
  • No further details regarding the nationalisation were provided.
  • EDF have been struggling in recent years with an ageing production fleet and increasing new build costs.
  • President Macron has already stated that the company should be nationalised to help French energy independence and aid their net-zero targets.
Political RiskCommoditiesPolitical Risk BulletEnergy Bullets
Political RiskCommoditiesPolitical Risk BulletEnergy Bullets

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