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PARIS (Reuters) - French utility EDF on Thursday said it was withdrawing its 2022 earnings guidance after the government announced the increase in power prices this year would remain capped at 4% and that the group would have to sell more nuclear power to rivals.
EDF said the final impact of the price cap would be an estimated 7.7 billion euros based on January market prices.
EDF said it would consider measures to strengthen its balance sheet and would communicate again on its annual results by Feb. 18 at the latest.
(Reporting by Richard Lough; editing by Geert de Clercq and Leslie Adler)
| 1st Jan change | Capi. | |
|---|---|---|
| -.--% | 51.55B | |
| -21.43% | 84.18B | |
| +31.16% | 64.79B | |
| -14.84% | 55.11B | |
| +0.50% | 47.53B | |
| +19.85% | 36.5B | |
| +2.92% | 35.08B | |
| -17.01% | 34.36B | |
| -19.62% | 26.45B | |
| -14.36% | 20.69B |
E.D.F. 
