Explainer-What Macron means when he says he wants to 'take back control' of French power prices

FILE PHOTO: Electricity pylons of high-voltage electrical power lines are seen in Bouchain, France, August 1, 2023. REUTERS/Pascal Rossignol/File Photo

PARIS (Reuters) - French President Emmanuel Macron said last week his government would "take back control" of electricity prices by the end of the year, without spelling out what steps he would take.

His comments come as European Union countries are negotiating a reform of how power prices are calculated across the bloc of 27 countries, all struggling to adapt to the supply shock triggered by the war in Ukraine.