The government’s plan to tax profits considered excessive in electricity could represent a deficit for EDF of the order of 5,000 million euros in 2023, the newspaper reported on Thursday. the echoes.
This tax, introduced through a government amendment to the finance bill (PLF) for 2023, currently under discussion in the Senate, aims to limit the sale prices of nuclear and renewable energy to 100 euros per megawatt-hour ( MWh).
EDF would be “by far” the largest contributor to this tax, which should contribute 11,000 million euros to the state budget next year, according to the echoes. The power company declined to comment on this information.
Decline in nuclear production
The government announced in October its desire to limit the price of electricity charged by producers, but to 180 euros per MWh, as part of a broader European Union policy. This decision should weigh more heavily on the finances of EDF, in the process of nationalization, which has issued several profit warnings this year due to problems with its nuclear reactors.
The energy company lowered its estimate of nuclear production in France for 2022 at the beginning of November, due to the impact of the strikes on the maintenance of its reactors and the extension of the shutdown period of 4 nuclear reactors.
In addition, the Financial Markets Authority (AMF) approved on Tuesday the simplified public offering project for EDF launched by the French government, for an estimated cost of just over 9.6 billion euros.
Source: BFM TV
