popular articles

Soaring energy prices: “not necessarily a good calculation to wait”, says Emmanuelle Wargon

Small businesses with expiring energy contracts don't "necessarily" have to wait to sign a new offer.

Please share:

Small businesses whose energy contracts are expiring should not “necessarily” wait to sign a new offer, said Monday the president of the Commission for Energy Regulation (CRE) Emmanuelle Wargon while the executive has multiplied the warnings.

The government intends to call to order the energy companies that do not play “sufficiently the game” with SMEs by inflating prices.

They are being convened on Wednesday to sign “a code of conduct” and commit to ensuring “reasonable prices”, especially for small businesses whose contracts are expiring.

If a new contract “presents an incomprehensible increase”, “do not sign!”, has already hammered the Minister Delegate for SMEs Olivia Gregoire to the contractors, while President Emmanuel Macron denounced “crazy prices”.

“I don’t necessarily say, ‘don’t sign’, I say, ‘look carefully at the conditions (…) proposed by the suppliers, compare'” but “it’s not necessarily a good calculation to wait (…) until the last minute until January 1, so as not to find yourself in the situation where you no longer have
contract at all”, estimated the president of the CRE, questioned by BFM Business on the case of SMEs.

“If you are around 400 and 500 euros the megawatt-hour for one year, it is about the market price and there is no reason to wait (…) there you sign,” added the president of the gendarme of the energy market in France, inviting customers to look at “the price in absolute value” rather than
the increase itself.

In France, the surge in energy prices caused by the Russian gas supply crisis has been aggravated by the unavailability of part of the nuclear fleet, with almost half of the reactors shut down, which has weakened electricity production.

According to Emmanuelle Wargon, this price increase reflects “a form of risk premium on the French market that will be there” until all the reactors are back in service, by February, according to the schedule announced by EDF.

“This makes prices very high (…) very volatile, so it is more difficult to understand the prices that suppliers offer,” said the former minister, who believes that however “many (…) make a great effort of transparency (…) to try to protect their customers and make the best prices possible.

Register free of charge for uninterrupted access.

Publicite

Recently published in

The APA 2024 cycle marks a turning point for Norwegian energy, with 53 licenses distributed among 20 companies. These opportunities aim to maintain competitiveness and innovation in a key European sector.
Great River Energy collaborates with Prisma Photonics to monitor 90 miles of electrical lines in real-time in the United States, enhancing resilience against climate challenges and network disruptions.
Great River Energy collaborates with Prisma Photonics to monitor 90 miles of electrical lines in real-time in the United States, enhancing resilience against climate challenges and network disruptions.
In France, Carrefour and ten federations challenge a decree mandating the coverage of 50% of outdoor parking lots with photovoltaic canopies, citing unrealistic deadlines and significant economic impacts.
In France, Carrefour and ten federations challenge a decree mandating the coverage of 50% of outdoor parking lots with photovoltaic canopies, citing unrealistic deadlines and significant economic impacts.
In the Landes region, activists are trying to halt the construction of a high-voltage power line connecting France and Spain, a project valued at 3 billion euros.
In the Landes region, activists are trying to halt the construction of a high-voltage power line connecting France and Spain, a project valued at 3 billion euros.
The International Energy Agency highlights the Netherlands' ambitions to increase offshore wind capacity while addressing challenges to secure their energy transition.
The Bureau of Ocean Energy Management increases environmental penalties for offshore operations, aiming to ensure compliance from industry players.
The Bureau of Ocean Energy Management increases environmental penalties for offshore operations, aiming to ensure compliance from industry players.
A Kazakh court has ordered NCOC, an international oil consortium, to pay 6.6 million USD for excessive gas flaring at the Kachagan oil field, highlighting regional environmental challenges.
A Kazakh court has ordered NCOC, an international oil consortium, to pay 6.6 million USD for excessive gas flaring at the Kachagan oil field, highlighting regional environmental challenges.
In 2024, the global average temperature exceeded 1.55°C above pre-industrial levels, a historical record. Natural disasters are intensifying, and the UN urges immediate action to counter their growing impacts.
In 2024, the global average temperature exceeded 1.55°C above pre-industrial levels, a historical record. Natural disasters are intensifying, and the UN urges immediate action to counter their growing impacts.
The Mauritanian government and the Millennium Challenge Corporation signed a 27 million USD grant agreement to modernize the country's electricity infrastructure and strengthen climate resilience.
Despite ambitious climate commitments, the United States only reduced its greenhouse gas emissions by 0.2% in 2024. A report from the Rhodium Group highlights a concerning trajectory for achieving the targets set in the Paris Agreement.
Despite ambitious climate commitments, the United States only reduced its greenhouse gas emissions by 0.2% in 2024. A report from the Rhodium Group highlights a concerning trajectory for achieving the targets set in the Paris Agreement.
The French Minister of Ecological Transition, Agnès Pannier-Runacher, sees her responsibilities adjusted but remains in charge of combating climate change and leading decarbonization efforts despite losing direct control over energy.
The French Minister of Ecological Transition, Agnès Pannier-Runacher, sees her responsibilities adjusted but remains in charge of combating climate change and leading decarbonization efforts despite losing direct control over energy.
When Justin Trudeau came to power in 2015, he symbolized the hope of a Canada that would lead the world in climate action. Nearly a decade later, he is leaving the political stage, leaving behind a controversial record. Carbon taxes, energy transition, and provincial tensions marked his tenure. With conservatives leading in the polls, the country is on the brink of a potential shift in its climate policy.
When Justin Trudeau came to power in 2015, he symbolized the hope of a Canada that would lead the world in climate action. Nearly a decade later, he is leaving the political stage, leaving behind a controversial record. Carbon taxes, energy transition, and provincial tensions marked his tenure. With conservatives leading in the polls, the country is on the brink of a potential shift in its climate policy.
Germany’s energy transition slowed in 2024, with a mere 3% reduction in greenhouse gas emissions. Political and economic uncertainty hampers investments in key sectors, particularly industry and transport.
Moldova and Gazprom are at odds over a debt estimated between $9 million and $700 million, exacerbating Transnistria's energy crisis. The separatist region faces the risk of total power outages in the midst of winter.
Moldova and Gazprom are at odds over a debt estimated between $9 million and $700 million, exacerbating Transnistria's energy crisis. The separatist region faces the risk of total power outages in the midst of winter.
In France, the energy check program recorded more than 200,000 requests in the last two days of 2024, highlighting growing pressure to meet the needs of low-income households amid the energy crisis.
In France, the energy check program recorded more than 200,000 requests in the last two days of 2024, highlighting growing pressure to meet the needs of low-income households amid the energy crisis.
The electricity volume traded on the Indian Energy Exchange surged by 29% in December, reaching an all-time high, driven by a significant drop in day-ahead market prices.
The electricity volume traded on the Indian Energy Exchange surged by 29% in December, reaching an all-time high, driven by a significant drop in day-ahead market prices.
With 707 TWh produced in 2024, SPIC illustrates the impact of public investments on the management and expansion of energy resources in China.
Joe Biden announces a ban on offshore drilling over an immense maritime area, challenging Donald Trump's energy production ambitions days before the presidential transition.
Joe Biden announces a ban on offshore drilling over an immense maritime area, challenging Donald Trump's energy production ambitions days before the presidential transition.
Three weeks after Cyclone Chido, nearly a third of Mayotte's households remain without electricity, while recovery efforts advance with increased mobilization of EDF and EDM teams.
Three weeks after Cyclone Chido, nearly a third of Mayotte's households remain without electricity, while recovery efforts advance with increased mobilization of EDF and EDM teams.
In 2024, Germany set a new record with 59% of its electricity produced from renewable sources, marking a key milestone after the complete shutdown of nuclear power. A balance of ecological progress and energy challenges.
In 2024, Germany set a new record with 59% of its electricity produced from renewable sources, marking a key milestone after the complete shutdown of nuclear power. A balance of ecological progress and energy challenges.
The United Kingdom achieved a historic record of 58% low-carbon electricity in 2024, marking a key step in its energy transition and sending a strong signal to European political and economic actors.
India reaches an installed energy capacity of 457 GW in 2023, doubling in a decade. This growth highlights the delicate balance between energy transition and the need to meet rising electricity demand.
India reaches an installed energy capacity of 457 GW in 2023, doubling in a decade. This growth highlights the delicate balance between energy transition and the need to meet rising electricity demand.
In 2024, renewable energy in Portugal accounted for 71% of electricity consumption, a record driven by significant growth in photovoltaic and hydropower production, according to the national grid operator REN.
In 2024, renewable energy in Portugal accounted for 71% of electricity consumption, a record driven by significant growth in photovoltaic and hydropower production, according to the national grid operator REN.
Iran will meet European diplomats in Geneva on January 13 amidst controversy over its 60% uranium enrichment, according to the International Atomic Energy Agency (IAEA).
Iran will meet European diplomats in Geneva on January 13 amidst controversy over its 60% uranium enrichment, according to the International Atomic Energy Agency (IAEA).

Advertising