The CEO of Électricité de France (EDF), Luc Rémont, has confirmed the stabilization of electricity price forecasts in France over the medium term. This follows the company’s success in overcoming technical problems that had impacted its nuclear production over the past two years.

Speaking at a conference in Aix-en-Provence, Rémont stated that EDF currently possesses sufficient electricity to meet both its present needs and those of the coming years, ensuring stable prices in the medium term.

Electricity prices in France have experienced a decline in recent months after reaching record highs two years ago. This surge resulted in EDF being forced to shut down several reactors to repair pipe cracks.

France became a net importer of energy in 2022 for the first time since 1980 due to disruptions in gas supplies caused by the war in Ukraine. This led to an unprecedented energy crisis across the European continent.

However, France has regained its position as Europe’s largest electricity exporter. This is due to EDF’s progress in its reactor inspection and repair program, coupled with a decrease in electricity demand driven by price increases and energy conservation measures.

Last week, EDF announced on its website a 12% increase in its nuclear energy production during the first half of the year compared to the previous year, reaching 177.4 terawatt-hours.