Poweo is the strongest competitor of the state-owned EdF with approx. 100,000 business customers. On 1 July 2007 the French electricity market with over 30 million households will open up completely.
Moreover, VERBUND and Poweo have signed a Joint Venture agreement regarding the construction of new power plants with a total output of 1,200 megawatt (MW) in France. The first project with 400 MW in Pont sur Sambre is already in the phase of implementation.
France is the second largest electricity market after Germany within the European Union and offers substantial growth potential to new suppliers.