Friday, January 18, 2019

Jean-François Carenco renounces leaving the presidency of the CRE

The president of the Energy Regulatory Commission wanted to join a real estate developer. But the former prefect of the Ile-de-France region could have been in a situation of conflict of interest.

By Nabil Wakim Posted today at 16h07, updated at 16h07

Time to Reading 1 min.

Jean-Francois Carenco, the president of the Energy Regulatory Commission, on February 7th.
Jean-Francois Carenco, the president of the Energy Regulatory Commission, on February 7th. ERIC PIERMONT / AFP

The chairman of the Energy Regulatory Commission (CRE), Jean-François Carenco, will eventually remain at the head of the regulatory body. The former prefect intended to leave the CRE after two years of presidency, while his term lasts six years.

Carenco said he plans to join the real estate developer Altarea-Cogedim. But the president of the CRE faced a risk of conflicts of interest: he was prefect of the Ile-de-France region between 2015 and 2017, where he oversaw many files relating to Greater Paris.

In fact, this movement was subject to an opinion of the High Authority for the Transparency of Public Life (HATVP), which was to rule on this passage to private. But while, according to our information, the HATVP has not yet rendered its final opinion, Mr Carenco has decided to throw in the towel. "I decided not to go anymore", he confirmed at World, Friday.

Mr. Carenco gave the institution a very political dimension

For several days, the entourage of the president of the CRE was cautious about his departure. Appointed in 2017, Mr. Carenco gave the institution a very political dimension, not hesitating to take a stand against an exacerbated competition in the electricity market or to defend the regulated tariffs. A few months ago, he judged this way in an interview at World that"There are too many actors" among the electricity providers and that "Price competition remains marginal" in this market.

CRE, an independent administrative authority, is responsible for overseeing the functioning of the energy market. Among its attributions, it organizes tenders for renewable energies and proposes evolutions of gas and electricity tariffs. This is crucial when the government is committed to limiting electricity and gas price increases as much as possible.

Nabil Wakim

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