The French government is seeking parliamentary approval for its energy bill, offering the sweetener of a capped electricity price for business. Such price caps would be firmly against the spirit of the Second European Electricity Directive.
EDF wants long term gas supply contracts at a group level while leaving power purchase and supply arrangements to its national subsidiaries. This signals both that a pan-European market for gas is likely to develop before power and that smaller companies will find it increasingly difficult to procure gas competitively.
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