Get all your news in one place.
100's of premium titles.
One app.
Start reading
Radio France Internationale
Radio France Internationale
National
RFI

French electric grid operator to return €1bn in windfall profits to customers

An RTE electrician works on a a high-tension line in Eygalieres, southern France. The electrical grid operator says it will return at least 1 billion euros in windfall profits to consumers at the start of 2023 © Boris Horvat/AFP

France's electrical grid operator says it will return at least one billion euros to major power users in early 2023, a record amount, as energy companies have seen soaring profits during Europe's energy crisis.

The exact amount will "match the one-off profit forecast for 2022 with the electricity market under stress," said a statement by RTE, which is majority owned by the French state-owned power utility EDF.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.