EDF slammed by Tartam tariff pricing
French utility EDF has announced that it is to sell off assets and attempt to cut debt after its 2008 earnings declined 39% to EUR3.4 billion. A key factor in the decline in earnings was the increased costs associated with the Tarif Reglemente Transitoire d'Ajustement du Marche (Tartam), which cost 85% state-owned EDF EUR783 million after tax.
The French government implemented Tartam after strong lobbying from consumers who switched way from EDF's regulated prices to market-derived deregulated
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