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

EDF Urged to Renegotiate Unfair Energy Contracts with VSEs, SMEs and ETIs; Bruno Le Maire Calls for New Nuclear Reactor Construction

Bruno Le Maire, the Minister of Energy, has called on EDF 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 this issue by renegotiating contracts with VSEs, SMEs, and ETIs that were signed when prices were at their highest. This move is crucial for these companies, which are facing financial strain due to disproportionate electricity prices compared to market rates.

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 points out that small businesses are currently facing financial strain due to the refusal of energy suppliers to adjust their prices despite a decrease in the cost of energy. A survey conducted by professional unions shows that 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 this financial burden on small businesses.

Bruno Le Maire has also called on EDF to allocate 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 its successful completion in meeting the government’s energy priorities.

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