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EDF Admits UK Energy Costs Higher Than French Costs

French energy giant EDF has responded to some strong criticism by the Ed Mayo, the government's consumer watchdog, with regards to the price French customers pay for their electricity against that charged to their UK counterparts - both supplied by EDF.

Official figures show that the UK consumer will pay around £442 a year for electricity against £332 for those supplied by EDF in France. This has prompted EDF to call into question the UK government's continued commitment to nuclear energy claiming that 80% of French energy is nuclear based while 75% of UK energy is fossil fuel based. EDF argues that the dependence on fossil fuels makes the process and ultimately the price more susceptible to fossil fuel price increases.

It will interesting to see how the energy watchdog and the UK government tackle this tricky situation because on one hand they are looking for the best deal for the consumer, but on the other they are looking to use EDF's financial muscle to develop the UK's nuclear power plant industry.

Do you bite the hand that feeds you or do you look after consumers in your home country? It will be interesting to see which route they ultimately take!

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