Wed. Jun 19th, 2024
EDF to renegotiate contracts for companies facing “unfairly high” electricity prices

EDF has agreed to renegotiate contracts with small and medium-sized enterprises (SMEs) that were signed at high prices during the energy crisis, as requested by Bruno Le Maire, the Minister of Energy. The group is committed to addressing the financial strain on these companies and has pledged to work with them individually to find a solution.

Professional organizations such as the Confederation of French Traders (CDF) have been calling for electricity price reform, arguing that current prices are unfairly high and disproportionate compared to market rates. The CDF represents independent traders and has highlighted the financial burden faced by small businesses in city centers due to refusal by electricity suppliers to adjust their prices despite decreasing energy costs.

A survey conducted by professional unions found that many businesses remain tied to energy supply contracts with prices significantly higher than current market rates. The increase in electricity prices in February further exacerbated this financial burden on small businesses. In addition to addressing pricing concerns, Bruno Le Maire has also called on EDF to allocate resources for the construction of new nuclear reactors while adhering to set costs and deadlines. He emphasized the importance of this project for meeting government energy priorities.

By Aiden Nguyen

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