EDF given nod to recoup 1 billion euros from customers

EDF given nod to recoup 1 billion euros from customers
 

French energy utility EDF (EDF.PA) will be able recover about 1 billion euros ($1.12 billion) from customers following a retroactive increase in bills decided by France's highest administrative body.
In June the Council of State cancelled a decree that limited EDF's electricity tariff rise in 2014 to 2.5 percent, saying it was too low to compensate for previous years' inadequate hikes.
It gave the government three months to take another decision allowing EDF to retroactively bill customers. The decrees were published on Sunday in the official journal.
The increase will apply to about 28... read more

 
3 October 2016 in Business, Views: 51
Source: Reuters
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