Chief Executive Officer Luc Rémont said on Friday
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French energy giant EDF has only sold a tiny portion of its future power output in long-term auctions because low electricity prices are curbing demand, Chief Executive Officer Luc Rémont said on Friday.
The comments confirm a Reuters' report on Wednesday, which said the state-owned power company has struggled to find buyers for its long-term electricity contracts. (Reporting by Benjamin Mallet and Forrest Crellin; Writing by America Hernandez; Editing by Josephine Mason)
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