June 21, 2024

EDF Agrees to Re-Negotiate Energy Contracts for Small Businesses as Ministry of Energy Calls for New Nuclear Reactor Construction

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

In response to the call from Bruno Le Maire, Minister of Energy, EDF has agreed to renegotiate contracts with small and medium-sized companies that were signed at high prices during the energy crisis. The group is committed to addressing the need for these companies to have more affordable electricity rates. During a meeting with EDF’s executive committee, Le Maire announced that he would order CEO Luc Rémont to address this issue individually with each company.

The Confederation of French Traders (CDF) has 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. 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. This increase in electricity prices in February further exacerbated the financial burden on small businesses.

In addition to addressing pricing concerns, Le Maire has 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 and its successful completion in meeting the government’s energy priorities.

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.