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President Macron speaks out on sexual consent, menopause and fertility
‘Every woman should have free use of her body…but the poor organisation of our society must not prevent people from having children if they so wish’, he says
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France and China ease visa rules - and leaders exchange presents
Chinese President Xi Jinping is on a two-day state visit to France to mark 60 years of bilateral relations between the countries
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‘Brexit: no-one else dares speak of leaving’: President Macron
The president also spoke of the threat from the far-right, the need for more border control, simpler rules and more defence investment in a speech in Paris
Comment: Macron wrong to use EDF for French re-election votes
A Connexion reader challenges Macron’s ‘absurd’ vote winning strategy: EDF electricity price cap, profit losses and staff strikes
Don’t you just love Macron’s vote winner for the elections in April?
While British electricity consumers are facing huge bills this winter, French counterparts are being aided by the government.
To cushion the rise in prices, it has authorised EDF to sell an additional 20TWh of nuclear-generated energy at the regulated price of 46.2 per MWh (well below market prices of around 200MWh to its competitors), while limiting the rise in households and small businesses to just 4%.
Read more: Energy, fuel, transport: France’s ‘resilience’ financial aid plan
The absurdity of the situation is that EDF is having to buy the extra 20TWh at spot prices. The overall lost revenue to the company is expected to be around €7billion this year. Staff at EDF went on strike over this in January.
Read more: French EDF workers strike over government efforts to keep prices down
Read more: EDF to sell more cheap electricity to competitors to keep prices low
Finance Minister Bruno Le Maire has indicated it is normal that a French state organisation aids the public, but he is wrong.
EDF has been a public limited company since 2004, although the government own 83% of the shares.
No surprise that, after this announcement, shares plunged 40% and have stayed at that level.
John GILMORE, Chantilly
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