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France's EDF has reported record annual losses of EUR17.9 billion (USD19.0 billion) for 2022, largely due to nuclear power reactor outages in its French fleet for maintenance and repair work. However, output from the company's UK fleet of reactors increased last year.
European energy ministers held an emergency meeting on Friday, September 9, to address the historic price hike
The state-controlled nuclear giant EDF has launched a legal claim against the French government for more than EUR8.0 billion (USD8.2 billion) in lost earnings resulting from the order to sell more nuclear electricity at below market-level prices this year.