Bloomberg News

EU Approves French Subsidies for Regulated Electricity Tariffs

June 12, 2012

European Union antitrust officials conditionally approved French state subsidies that form part of regulated electricity tariffs for large energy consumers.

The approval ends the EU’s probe into below-market rate “Tartam” tariffs for large, energy-consuming companies such as steelmakers that were used between 2006 and 2011, and so-called green and yellow regulated tariffs for companies.

France must review the standard tariffs every year and phase them out by the end of 2015 as a condition of the EU authorization, the European Commission said in a statement.

There should be a “gradual shift to cost-based pricing every year after summer 2012” until the tariffs are eliminated, the commission said.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.


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