Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › France Adopts Law to Ease EDF Grip on Hydropower Market,...
Business & Finance

France Adopts Law to Ease EDF Grip on Hydropower Market, Spur Investment on New Generation Capacity

France Adopts Law to Ease EDF Grip on Hydropower Market, Spur Investment on New Generation Capacity
Bloomberg Technology Wednesday 17 June 2026, 16:00 UTC By Francois de Beaupuy 1 min read
Key Points

France Adopts Law to Ease EDF Grip on Hydropower Market, Spur Investment on New Generation Capacity The French Parliament adopted a bill to loosen Electricite de France SA’s grip on the hydropower market, a move aimed at ending a spat with the European Union and unlocking billions of euros in investment for new generation capacity. The legislation adopted Wednesday stipulates that state-owned EDF, which operates about 20.5 gigawatts of dams across the country representing about 80% of...

France Adopts Law to Ease EDF Grip on Hydropower Market, Spur Investment on New Generation Capacity The French Parliament adopted a bill to loosen Electricite de France SA’s grip on the hydropower market, a move aimed at ending a spat with the European Union and unlocking billions of euros in investment for new generation capacity. The legislation adopted Wednesday stipulates that state-owned EDF, which operates about 20.5 gigawatts of dams across the country representing about 80% of mainland hydropower capacity, will auction 6 gigawatts each year under the supervision of the country’s energy regulator.
The French Parliament (ORG) Electricite de France SA’s (ORG) the European Union (ORG) EDF (ORG)
Originally published by Bloomberg Technology Read original →

Related Stories

Chairman Warsh drastically alters Fed rate statement. Here's what's changed

Chairman of the Federal Reserve Kevin Warsh delivers remarks after being sworn in during a swearing-in ceremony in the East Room of the White House on May 22, 2026 in Washington, DC. Anna Moneymaker | Getty Images This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in April.

CNBC 11m ago

Fed holds rates steady, pares down statement to remove cutting bias

WASHINGTON – Kevin Warsh's first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates, the removal of key language indicating a bias toward future cuts, and a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%. The federal funds rate has held there since the central bank lowered rates by three-quarters of a percentage point in the latter...

CNBC 15m ago

US Federal Reserve policy meet: Kevin Warsh-led FOMC keeps interest rates unchanged

US Federal Reserve chairman Kevin Warsh-led FOMC on Wednesday kept the key interest rate unchanged in the 3.5% to 3.75% range. This is Kevin Warsh’s first policy review after taking over from Jerome Powell as US Federal Reserve chair. "The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate.

Times of India 18m ago

Fed holds interest rates steady: Here's what that means for credit cards, savings rates, mortgages and car loans

The Federal Reserve held interest rates steady Wednesday, concluding the first meeting helmed by new Fed Chairman Kevin Warsh. The decision offered little relief for consumers struggling to keep up with higher gas prices and overall affordability challenges. Although Donald Trump's pick to lead the central bank had previously indicated he may be in favor of lower rates, inflation rose at its fastest pace in three years last month and the jump in energy costs could have longer-term...

CNBC 19m ago