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The Telegraph
The Telegraph
21 Mar 2025
Alex Singleton


Macron ousts EDF boss accused of giving French industry ‘the middle finger’

Emmanuel Macron has ousted the boss of the state-run EDF after French industrialists revolted over its high electricity prices.

Luc Rémont is to be replaced in a surprise reshuffling of the company’s top ranks, Mr Macron’s office said on Friday. Mr Rémont has run the the state-owned energy giant since November 2022.

The shake-up follows an outcry over the high energy prices EDF is poised to charge factories. Benoît Bazin, the boss of building materials giant Saint-Gobain, had accused EDF of “giving the middle finger to French industry” by increasing prices.

Rules that force EDF to sell energy to major industrialists at below-market prices are set to expire at the end of the year and the generator had announced plans to raise its prices.

Industry group Uniden, which represents dozens of France’s biggest manufacturers including Renault and steelmaker ArcelorMittal, claimed EDF was “deliberately turning its back” on French businesses at a time when manufacturers were “exposed to unprecedented non-European competition that threatens the very survival of many sites”.

The row is embarrassing for Mr Macron, who had pledged to “take back control of electricity prices” and who sees cheap electricity as a way of securing the French economy. Two years ago, he fully nationalised EDF by buying the 16pc of the company the government did not already own.