E_L you forgot the bit about allowing prices to exceed the cost of production in France.
Well I can't help it if you don't bother clicking the link that I provide.
What do you want me to do ......copy and paste the entire article for you ?
PARIS--The French government has authorized French state-controlled power utility Electricite de France (EDF.FR) to raise its electricity price for residential consumers by 5% next month, and by the same proportion in August next year, to take into account recent increases of the company's production costs.
A recent report written by the electricity regulator showed retail prices charged by EDF didn't cover its costs and recommended an increase of between 8.6% and 9.6% to cover the shortfall, the country's energy ministry said late Monday in a statement.
"The government decided to spread out over several years the price increase needed to cover EDF costs to protect households' spending power," the statement said.
The French government last year decided to cap regulated tariff increases at 2% a year, to help protect households as much as possible. However, the regulator recommended last month raising power tariffs between 6.8% and 9.6% as soon as this summer and then by 3.2% in both 2014 and 2015.
The government's decision to speed up increases highlights the difficulty of finding a balance between the conflicting goals of protecting households and maintaining EDF as an economically viable company, at a time when the euro-zone's second largest economy is in recession, unemployment is at record highs and the government is struggling to keep public finances under control.
Over recent years, costs faced by EDF, which is the world's largest nuclear operator, have risen mainly because of additional investments imposed on the company's nuclear power plants to increase safety standards. The energy ministry said the increases for this year and next are steep as the previous administration underestimated EDF's rising costs.
EDIT : You will note the difference between EDF's operations in France and EDF's operations in the UK.
In France, EDF has "the difficulty of finding a balance between the conflicting goals of protecting households and maintaining EDF as an economically viable company". In the UK, EDF just needs to maximize its profits.
Do you have a problem with that ?
I certainly do.