popular articles

EDF: French government removes Luc Rémont over disagreements on industrial contracts and nuclear strategy

Luc Rémont was dismissed as head of EDF by the French executive due to disagreements over industrial contract strategy and financing of the EPR2 nuclear programme.

Please share:

The Chief Executive Officer of Électricité de France (EDF), Luc Rémont, was removed from his position by the French government following persistent disagreements regarding the management of long-term energy contracts with major industrial consumers and the financing of the new nuclear programme. Minister of the Economy Éric Lombard stated on 26 March that these disputes led to the decision not to renew Mr Rémont’s mandate, after 28 months at the helm of the state-owned utility.

Speaking before the Senate, the minister explained that EDF had failed to meet government expectations in swiftly securing electricity supply contracts at competitive prices with high-energy-consuming industries. Negotiations, which had been ongoing for over a year, stalled over pricing disagreements. Several industrial players believe the tariffs proposed by EDF are too high to maintain their operations in France.

Financing of the EPR2 programme at the centre of tensions

A second major point of contention related to the financing model for the six EPR2 reactors announced by the President of the Republic in 2022. The government had proposed a preferential-rate loan for part of the construction period. Luc Rémont, however, argued for a zero-interest loan covering the entire duration of the project. This divergence contributed to the deadlock in internal discussions, with the government believing the conditions had been met to conclude the talks.

Marc Ferracci, the Minister Delegate for Energy, confirmed that alignment had not been achieved with the EDF executive, making the continuation of his mission, in his view, incompatible with the objectives set by public authorities.

A governance shift focused on industrial expertise

To replace Luc Rémont, the government appointed Bernard Fontana, current Chief Executive Officer of Framatome, a company specialised in manufacturing nuclear components. The choice was made in favour of a leader with proven industrial experience. According to sources close to the Prime Minister, the decision aims to strengthen alignment between the operational demands of the nuclear programme and the management of the state-run enterprise.

The new Chief Executive will notably resume discussions with industrial clients and prepare the finalisation, by 2026, of the financial agreement required to launch the EPR2 construction phase. The strategic shift led by the Élysée reflects a desire to secure the construction stage by reinforcing the financial and contractual discipline expected by the state shareholder.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Just Stop Oil will end its high-profile actions after one of its core demands was integrated into the British government's energy policy.
The surge in solar production and the slow upgrade of electricity infrastructure are blocking thousands of projects in the Netherlands, affecting energy security and consumer costs.
The surge in solar production and the slow upgrade of electricity infrastructure are blocking thousands of projects in the Netherlands, affecting energy security and consumer costs.
The development of French power grids is facing a structural shortage of skilled labour, despite €200bn in projected investments by 2040.
The development of French power grids is facing a structural shortage of skilled labour, despite €200bn in projected investments by 2040.
Luc Rémont's departure exposes ongoing disagreements between EDF and the French State over electricity pricing for industry and the financing terms of the nuclear programme.
Luc Rémont's departure exposes ongoing disagreements between EDF and the French State over electricity pricing for industry and the financing terms of the nuclear programme.
The European Investment Bank approves a final tranche of PLN1.7bn for Orlen to modernise electricity distribution infrastructure in Poland via its subsidiary Energa Operator.
Luc Rémont is replaced as head of EDF as French manufacturers criticise a pricing strategy seen as incompatible with national industrial competitiveness.
Luc Rémont is replaced as head of EDF as French manufacturers criticise a pricing strategy seen as incompatible with national industrial competitiveness.
Luc Rémont will not be reappointed as Chairman of Électricité de France, two years after his nomination, despite record profits in 2024 and the revival of the nuclear fleet.
Luc Rémont will not be reappointed as Chairman of Électricité de France, two years after his nomination, despite record profits in 2024 and the revival of the nuclear fleet.
The French government has appointed Bernard Fontana to lead EDF, relying on his experience in nuclear energy and energy-intensive industries, amid strategic restructuring and rising tariff pressures.
The French government has appointed Bernard Fontana to lead EDF, relying on his experience in nuclear energy and energy-intensive industries, amid strategic restructuring and rising tariff pressures.
Kazakhmys, the leading copper producer in Kazakhstan, partially suspends its operations after the death of eight workers. The company is conducting an inspection of its facilities to ensure operational safety.
The European Southern Observatory (ESO) warns of the potentially devastating consequences of a power plant project near its telescopes in the Atacama Desert, highlighting irreversible light pollution.
The European Southern Observatory (ESO) warns of the potentially devastating consequences of a power plant project near its telescopes in the Atacama Desert, highlighting irreversible light pollution.
The recent elections in Greenland resulted in a victory for the Demokraatit party, which advocates gradual independence from Denmark and increased support for the exploitation of natural resources, prioritizing the mining and energy sectors. This election comes amid heightened international tensions, notably due to proposals by Donald Trump to annex the territory.
The recent elections in Greenland resulted in a victory for the Demokraatit party, which advocates gradual independence from Denmark and increased support for the exploitation of natural resources, prioritizing the mining and energy sectors. This election comes amid heightened international tensions, notably due to proposals by Donald Trump to annex the territory.
In January 2025, Italy recorded a trade deficit of €264 million, largely attributed to the rising energy costs, according to the National Institute of Statistics (Istat).
In January 2025, Italy recorded a trade deficit of €264 million, largely attributed to the rising energy costs, according to the National Institute of Statistics (Istat).
The National Federation of Mines and Energy of the General Confederation of Labour (FNME-CGT) has elected Fabrice Coudour as secretary general. He succeeds Sébastien Ménesplier and inherits strategic issues, including the opening of hydropower concessions to competition.
Nigerien authorities have ordered the expulsion of three Chinese executives from oil companies and shut down a hotel owned by a Chinese company. This decision is part of a policy aimed at strengthening national control over the country’s energy resources.
Nigerien authorities have ordered the expulsion of three Chinese executives from oil companies and shut down a hotel owned by a Chinese company. This decision is part of a policy aimed at strengthening national control over the country’s energy resources.
The French government has issued a decree expanding the use of treated wastewater to industrial and nuclear sectors, aiming to reduce pressure on water resources.
The French government has issued a decree expanding the use of treated wastewater to industrial and nuclear sectors, aiming to reduce pressure on water resources.
An incident in a private power plant caused a nationwide blackout in Panama on Saturday night. The national power grid was severely impacted, leading to an interruption in the potable water supply. Authorities are investigating the causes of the event.
An incident in a private power plant caused a nationwide blackout in Panama on Saturday night. The national power grid was severely impacted, leading to an interruption in the potable water supply. Authorities are investigating the causes of the event.
UK greenhouse gas emissions decreased by 3.6% in 2024, marking a slowdown in the pace of reduction. The end of coal usage in electricity production and the rise in electric vehicles contributed to this trend.
The capital of the Central African Republic, Bangui, is facing a prolonged power outage, severely disrupting economic activities and exacerbating water shortages.
The capital of the Central African Republic, Bangui, is facing a prolonged power outage, severely disrupting economic activities and exacerbating water shortages.
More than 160 senators from the right and centre have urged François Bayrou to suspend the publication of the third Multi-Year Energy Programme (PPE 3), criticizing its lack of a comprehensive vision and calling for greater parliamentary involvement in defining the energy mix.
More than 160 senators from the right and centre have urged François Bayrou to suspend the publication of the third Multi-Year Energy Programme (PPE 3), criticizing its lack of a comprehensive vision and calling for greater parliamentary involvement in defining the energy mix.
With several mining projects recently funded, Brazil is strengthening its national strategy to exploit its rare earth reserves, amid sharply declining global prices and geopolitical tensions in this strategic market.
With several mining projects recently funded, Brazil is strengthening its national strategy to exploit its rare earth reserves, amid sharply declining global prices and geopolitical tensions in this strategic market.
Nuclear energy emerges as a key election issue in Australia, as accelerating gas dependency intensifies amid coal plant closures, raising critical concerns about grid stability and energy pricing ahead of the 2025 federal elections.
Donald Trump accuses Canada of tariff abuse following Ontario's decision to impose a 25% surcharge on electricity exports to three U.S. states, escalating trade tensions between the neighboring countries.
Donald Trump accuses Canada of tariff abuse following Ontario's decision to impose a 25% surcharge on electricity exports to three U.S. states, escalating trade tensions between the neighboring countries.
Mark Carney, newly elected Canadian Prime Minister, expresses his intention to abolish the consumer carbon tax, revitalizes nuclear energy, and signals openness to expanding gas infrastructure with the United States.
Mark Carney, newly elected Canadian Prime Minister, expresses his intention to abolish the consumer carbon tax, revitalizes nuclear energy, and signals openness to expanding gas infrastructure with the United States.
The Trump administration is detailing its energy priorities in Houston this week, focusing on deregulation and support for fossil fuels. The CERAWeek conference, which gathers key industry players, will serve as the stage for these announcements.
The Trump administration is detailing its energy priorities in Houston this week, focusing on deregulation and support for fossil fuels. The CERAWeek conference, which gathers key industry players, will serve as the stage for these announcements.

Advertising