Ribera says that Macron's decision to nationalize the main French electricity company "would not make sense" in Spain

Ribera says that Macron's decision to nationalize the main French electricity company "would not make sense" in Spain

The third vice president of the Government and minister for the Ecological Transition, Teresa Ribera, considers that it makes no sense to propose in Spain the nationalization of a large electricity company as France has done with the EDF company because such a measure would not have such an impact here and instead has opted to facilitate the existence of many “simultaneous alternatives” and, therefore, to deepen the democratization of the energy sector.

The minister participated this Friday in the opening of the elDiario.es event 'The decarbonisation of the economy, hijacked by fossil fuels?', in a talk with the president and CEO of the European Climate Foundation, Laurence Tubiana, moderated by the Director of Opinion at elDiario.es, Gumersindo Lafuente.

Asked about the French Government's decision to acquire 100% of the capital of Electricité de France (EDF), announced this week, Ribera limited it to the specific situation in the neighboring country, which, he said, is significantly behind in the time to plan your energy model for the future.

“It is a rescue operation for a large company at a critical moment, where there has been a long delay at the national level in planning what energy model France, a large country, with citizens with a significant income level, wants. I think it has to be understood in that context. We are not in that situation ”, she opined.

Instead, he has proposed making a more intelligent use of energy resources: “Instead of thinking about how I can undo what has been the history of our country in the last 30 years for better or for worse, with a very important outlay is how I can make the most intelligent use of resources.

"I think that the French state owned 84% of the company, the difference is 16, and its market share there is practically the majority, it has an immense market share," Ribera insisted, commenting that the effect on the The sale price in that country of such a measure "is much higher than what a nationalization of any company in Spain could have." “We cannot rewind 30 years ago so easily”, he has considered.

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