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British families could find themselves subsidising households in France after the French Government ordered a 2 per cent cap on electricity price increases yesterday. EDF, which supplies homes on both sides of the Channel, raised its prices to British customers by 22 per cent only two weeks ago. It also put up its charges for gas by 17 per cent - but it will not be allowed to increase French prices by more than 5 per cent. MPs said that the cap in France, where the law restricts energy price rises to the inflation rate, raised fresh questions about the lack of controls over Britain’s liberalised energy market, which were highlighted in a parliamentary report last month. EDF, whose talks about acquiring Britain’s nuclear generator British Energy came close to collapse last week, blamed its latest increase in Britain on soaring... [read full story]
