Bruno Le Maire defends the total nationalization of EDF, which according to him will allow “faster decisions” to be taken in the face of the energy crisis

The Minister of the Economy spoke at the Economic Meetings of Aix-en-Provence.

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Bruno Le Maire plays the VRP of the 100% renationalization of EDF. This measure, announced on Wednesday by Elisabeth Borne at the National Assembly, will make it possible to act more quickly in the face of an energy crisis which will be a “significant problem” in the months to come, estimated Sunday, July 10 the Minister of the Economy.

>> EDF: what are the objectives of the renationalisation announced by Elisabeth Borne?

The planned rise from 84% to 100% in the capital of electricityn “changes a lot of things because there are a lot of projects that can sometimes take a few weeks or a few months more, because there are debates that are legitimate from the moment there is a part of shareholders who are not State shareholders”explained the minister to journalists within the framework of the Economic Meetings of Aix-en-Provence (Bouches-du-Rhône). “There you will have a total unity of command”he added.

According to Bruno Le Maire, “it allows us to make faster decisions on the strategic subject of carbon-free electricity production in France”. The energy crisis is for the minister “the most important subject of the coming months”and we must be prepared for a total cut in the supply of Russian gas.

“We are facing an energy crisis which can have an absolutely major impact on our daily lives, on employment, on the operation of our companies, on the French industrial tool”

The government is preparing for next winter a series of measures to prioritize households and certain industries in the event of insufficient electricity production, added the minister.

Bruno Le Maire finally clarified that he had not yet obtained the approval of the European Commission for the nationalization of EDF. “I had long discussions with [la commissaire à la Concurrence] Margrethe Vestager on this subject, so we will resume our very long discussions.”reported the minister.


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