Total among companies seeking force majeure on EDF contracts: sources

spike

PARIS (Reuters) – Energy major Total (TOTF.PA) is among several power suppliers that tried to declare force majeure on buying nuclear power from EDF, sources said, as the coronavirus outbreak has pushed prices in the French electricity market far below existing contracts.

FILE PHOTO: A night view shows France’s oldest Electricite de France (EDF) nuclear power plant and the Grand Canal d’Alsace near the eastern French village of Fessenheim, France February 20, 2020. REUTERS/Arnd Wiegmann

France’s energy market regulator CRE said last week it had rejected requests from several unnamed power suppliers to activate the force majeure clause

Read More