Thursday, June 28, 2007

EDF Must Cut Wholesale Prices to Domestic Power Rivals, French Court Says

(Bloomberg) -- Electricite de France SA, Europe's
biggest power generator, must offer wholesale power to rivals at
a price that still allows them to compete directly with EDF for
client business, the French competition court ruled.

``Just before the opening of the market to competition July
1, restorative measures were necessary to improve supply
conditions for energy companies and allow competition,'' the
Paris-based court said in an e-mailed statement today.


Read more at Bloomberg Energy News

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