He said that "electricity in France is 30-40 percent cheaper than in other European countries," and that in the last 25 years the rise of electricity prices in France had never been greater than inflation.
EDF needed to catch up, therefore. "We cannot increase directly investment in France as we are doing if we don't also increase sales revenues."
Q2: Why does EdF need to raise prices? A: Need cash to increase investment.
Q3: Why not just loan money at sovereign rates instead of raising prices, given that last time that was done EdF became the biggest company in Europe with prices 30-40 % lower than their competitors? A: <head explodes> Peak oil is not an energy crisis. It is a liquid fuel crisis.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
