The model with variable c, G, h presented in Ref. 1 is extended to electromagnetism. The entropy is found to vary like log t and, in a space-entropy representation, the metric is conformally flat. A new gauge relation is suggested, based on geometrical considerations, which corresponds to a Rydberg constant varying like R. The Hubble’s law still applies. The age of the universe is unchanged while its span is found to be half of the Mattig’s value. The complete decoding of the red shift can be done. The distances of the sources are very similar. The large volumic power densities of distant quasars could have been greatly overestimated, while the increase of their absolute magnitude, as derived from the classical theory, could be due to the secular variation of c. Assuming the electron-proton mass ratio to vary like R, we get a fine structure constant α, a Bohr radius and a ratio of electromagnetic force to gravitational force which behave like absolute constants.