• Fri. Jun 7th, 2024

EDF to renegotiate contracts for companies facing “unfairly high” electricity prices


Mar 26, 2024

EDF has responded to the call from Bruno Le Maire, the Minister of Energy, to renegotiate contracts with small and medium-sized companies that were signed at high prices during the energy crisis. The group is committed to renegotiating contracts with VSEs, SMEs, and ETIs that were signed when prices were at their highest, which is crucial for these companies. Bruno Le Maire participated in the EDF executive committee for the first time since the complete nationalization of the group in June 2023. Following this meeting, he announced that he would place an order with CEO Luc RĂ©mont to address the need to renegotiate contracts with each company individually.

Professional organizations, such as the Confederation of French Traders (CDF), have been calling for the renegotiation of electricity prices, which they consider unfairly high. The CDF represents various independent traders and highlights the disproportionate prices compared to market rates that small businesses are currently facing. The organization points out that electricity suppliers have been refusing to adjust their prices despite the decrease in the cost of energy, causing financial strain on small companies in city centers.

According to a survey conducted by professional unions, many businesses remain tied to energy supply contracts with prices significantly higher than the current market rate. The increase in electricity prices in February further exacerbated the financial burden on small businesses. In addition to addressing these pricing concerns, Bruno Le Maire has called on EDF to allocate the necessary resources to the construction of new nuclear reactors while adhering to set costs and deadlines. The minister highlighted the importance of this project and the need for its successful completion to meet the government’s energy priorities.

By editor

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