Jean-François Carenco, President of the Power Regulatory Fee (CRE), believes that the only power market is “the spine of European building”, even when “that doesn’t stop pondering” to its operation.
Faced with soaring electricity prices, some are calling for reforming the only power market in Europe. This method “doesn’t work, it’s aberrant”, notably estimated the Minister of the Economy Bruno Le Maire. It’s “bewildering” and “scandalous” to promote at 42 euros per megawatt hour (MWh) to different European nations power that’s produced for 47 euros per MWh, estimated for his part Valérie Rabault, president of the socialist group within the Nationwide Meeting, on BFM Enterprise.
“We have to be cautious what we are saying about Europe,” reacted this Tuesday morning Jean-François Carenco, president of the Power Regulatory Fee (CRE), on the set of Good Morning Enterprise. “The Europe of power is the spine of European building” even when “that doesn’t stop pondering”, he continued.
“We export at market value”
The one European power market “permits us to export 60 terawatt-hours (TWh) of electrical energy * […]. We export at market value, it’s a appreciable useful resource for EDF. “As well as,” forty days a 12 months, that avoids us the ‘black-out’ [une panne de courant de grande envergure en raison d’une pénurie d’électricité, NDLR]. Forty days a 12 months, we’d like the others [pays]: take a look at what is going on right this moment in England with oil “, defined Jean-François Carenco.
For the president of CRE, “what issues is the topic of decarbonization in Europe, not in France”. “The European market guidelines are such that carbon is used as a final resort” and that “additionally makes it doable to have costs in Europe cheaper than elsewhere,” he mentioned.
“We should work on a reform” however “it will be important sufficient to go there calmly and focus on all of it collectively”.
*1 terawatt hour (TWh) = 1 million megawatt hour (MWh)