French regulator targets power price speculation with new ARENH rules

French energy markets regulator CRE proposed on Tuesday tighter rules under which alternative energy providers buy power from nuclear power station managed by state-controlled utility EDF . The move is aimed at curbing potential speculation in the French power market after spot and forward electricity prices surged to record highs over the past weeks due to tight nuclear supply concerns in France. CRE said its proposal would tighten the conditions under which EDF's smaller rivals terminate their