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Electricity prices in France reach record highs, companies' "astonishment"

2021-12-08T11:41:52.253Z

However, this outbreak will not have an immediate impact on individuals and small professionals. The government has announced a 4% limit on the increase in regulated sales tariffs (TRV) for electricity next year.



Electricity prices in France reached new records on the market on Wednesday, causing concern and "

astonishment

" from manufacturers forced to obtain supplies at very high prices.

Electricity for delivery next year (Cal 22) in France was trading at more than 200 euros per megawatt hour Wednesday morning on the European Energy Exchange EEX, for the first time at these levels.

The 100 euros mark was crossed for the first time in September, against the backdrop of a general surge in energy prices.

Read also Electricity: the cost explodes for the State

The rise in electricity prices on the market was fueled by increases in natural gas prices as well as CO2 emission quotas, the rights to pollute.

But the current level leaves specialists speechless.

"

I cannot explain the exceptional nature of the price in France

", it is an "

incredible increase

", reacts Frank Roubanovitch, president of CLEEE, an association of large industrial and tertiary energy consumers.

The price of electricity in France "

is more expensive than with all our neighbors

", he regrets.

Manufacturers are currently forced to buy electricity at very high prices on the market.

Their requests to supply themselves with cheap EDF nuclear electricity within the framework of the Arenh system (for “

regulated access to historic nuclear electricity

”) could not in fact be fully satisfied because this mechanism is capped. .

Energy buyers are in a state of amazement

”, “

it has an extremely heavy impact on our companies, some will probably close their sites,

” says Frank Roubanovitch.

"

Thousands of industrial jobs are now at risk in 2022,

" also said Nicolas de Warren, president of Uniden (Union of energy-using industries) on Tuesday in a press release, once again asking the government to raise the ceiling of the Arenh.

However, this outbreak will not have an immediate impact on individuals and small professionals.

The government has indeed announced a limit to 4% of the increase in regulated sales tariffs (TRV) for electricity next year, a measure that may also weigh more than expected on public finances.

Source: lefigaro

All business articles on 2021-12-08

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