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Electricity: a first supplier on the verge of going out of business

2021-11-16T22:51:11.520Z


INFO LE FIGARO - One of the suppliers to the State and to the Paris city hall, Hydroption, is about to look for a buyer. The administration wants to withdraw his authorization to practice, recognizes the company.


Soaring energy prices were the first victim of electricity suppliers.

Hydroption, which has businesses and local communities as customers, has received from the Directorate General for Energy (DGEC)

"a notification prior to its withdrawal of supplier license"

, he admitted to Le

Figaro

.

If the decision is confirmed, the company, already placed in receivership since October 21 by the court of Toulon, will no longer be able to operate.

Read also Energy: Bruno Le Maire pushes his reform of the European electricity market

If Hydroption indicates that it will challenge the administrative case, that seems to be the end of the game for this supplier.

The company must ask the judge for permission to seek a buyer by the end of the week.

"We cannot continue alone

," its CEO Michel de Kerever told

Le Figaro

.

We are going to ask the court for an asset disposal plan for a takeover of the employees, our software and our models. ”

The company has already received three expressions of interest

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Source: lefigaro

All business articles on 2021-11-16

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