EDF Renegotiates Contracts with SMEs and ETSIs Amidst Bruno Le Maire’s Intervention and Call for New Nuclear Reactors

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

EDF has responded to calls 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 addressing the need to renegotiate contracts with VSEs, SMEs, and ETIs that were signed when prices were at their highest, which is crucial for these companies. This move comes after 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 Rémont to address pricing concerns individually with each company.

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 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 a decrease in energy costs, 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 pricing concerns, Bruno Le Maire has 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 need for successful completion to meet government energy priorities.

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