EDF: ARENH price unlikely to be up in July 2015

BUY, Fair Value EUR28 (+23%)
News published on May Monday 4, 2015
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According to French newspaper “Les Echos” the expected increase in the ARENH price in 2015 could be either delayed or cancelled given the French government is still waiting for Brussels’ answer on the recent formula change. If confirmed, such news could be negative for EDF given the ARENH price offers protection to EDF against lower power prices on the French market.


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