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French Energy

French Energy. Prepared by: Theresa Jordan Natalia Kalitynska Sabrina Woodward Laetitia Youssouffa. French Energy Agenda. Previous Situation ______ European Law ___________ EDF Privatization _________ GDF Privatization ____ Nuclear Power __________. French Legal Situation.

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French Energy

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  1. French Energy Prepared by: Theresa Jordan Natalia Kalitynska Sabrina Woodward Laetitia Youssouffa ENERGY LAW - FRANCE - November, 28th 2005

  2. French EnergyAgenda • Previous Situation ______ • European Law ___________ • EDF Privatization _________ • GDF Privatization ____ • Nuclear Power __________ ENERGY LAW - FRANCE - November, 28th 2005

  3. French Legal Situation State Monopolistic Situation ENERGY LAW - FRANCE - November, 28th 2005

  4. Energy State Monopolistic Situation • 1946 French Law of Nationalization of Electricity and Gas • Government Monopoly over French Energy: Production, Transportation, Distribution, Importation and Exportation of Electricity & Gas • Creating EDF-GDF ENERGY LAW - FRANCE - November, 28th 2005

  5. NewFrench Legal Situation EU Law Intervention ENERGY LAW - FRANCE - November, 28th 2005

  6. EU Directives • The 2003/ 54-55 Directive on Common Rules of Interior Market of Electricity/Gas • Replacing first Directives opening EU Energy Markets – Electricity: December 19,1996 – Gas: June 22, 1998 ENERGY LAW - FRANCE - November, 28th 2005

  7. French EU Law Implementation • Electricity • February 2000 French Law on Modernization and Development of Public Electricity Market • Gas • January 3, 2003 French Law on Gas and Electricity Markets and Energy Public Service ENERGY LAW - FRANCE - November, 28th 2005

  8. EU Liberalization Requirements ENERGY LAW - FRANCE - November, 28th 2005

  9. EDF Privatization Electricite De France French Electricity ENERGY LAW - FRANCE - November, 28th 2005

  10. Changes Needed • EPIC v. SA(Etablissement Public Industriel et Commecrcial v. Societe Anonyme) • Initial Public Offering of EDF Shares • sold 15% of company November 2005 ENERGY LAW - FRANCE - November, 28th 2005

  11. Privatization • Powernext • wholesale electricity exchange • RTE (French Transmission Grid Manager) • third party network access ENERGY LAW - FRANCE - November, 28th 2005

  12. CRE(Commission of Energy Regulation) • Regulation authority • Oversees non-discriminatory access to the network • Monitors, authorizes, settles disputes and, if necessary, lays down sanctions as EU Law requires ENERGY LAW - FRANCE - November, 28th 2005

  13. Public Service • 3 main purposes: • To ensure low-income households get electricity • All regions receive electricity at same rates • Obliged to purchase electricity from certain generation types • Paid by all companies • Explicit charge to consumers ENERGY LAW - FRANCE - November, 28th 2005

  14. Competition • Competitors • CNR • SNET • Unbundling ENERGY LAW - FRANCE - November, 28th 2005

  15. GDF Privatization Gaz De France French Gas ENERGY LAW - FRANCE - November, 28th 2005

  16. GDF • Changed to SA status • IPO in June 2005 • Grid operators must offer open access • CRE • Competitors • CFM • GSO ENERGY LAW - FRANCE - November, 28th 2005

  17. French Nuclear Power Political Debate ENERGY LAW - FRANCE - November, 28th 2005

  18. Nuclear Power Debates • Pillar of French energy politics. • La Hague: Reprocessing plant from Nuclear Waste • Renewal of the French Nuclear Plants • ITER(International Thermo-Nuclear Experimental Reactor). This international project under the auspices of the IAEA, in Cadarache, Fr. ENERGY LAW - FRANCE - November, 28th 2005

  19. Energy Market Opening • EDF – GDF in competition on their traditional market but not ready • EDF – GDF Retirement issues =} Union power, major strikes • 2007 Deadline, politically debated by French MPs • EDF renationalized ? ENERGY LAW - FRANCE - November, 28th 2005

  20. Des Questions?Any questions? Merci de votre attention!!! Thank you for your attention! ENERGY LAW - FRANCE - November, 28th 2005

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