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Electricity: an additional cost of 1.6 to 1.7 billion euros next year for SNCF

2022-09-14T16:32:57.684Z


The bill will double to around 600 million this year, according to Jean-Pierre Farandou during a hearing in the Senate.


SNCF Voyageurs' electricity bill is expected to rise by 1.6 billion to 1.7 billion euros next year, but the company

"has not yet decided"

what the impact will be on ticket prices, a indicated Wednesday the CEO of the SNCF Jean-Pierre Farandou.

Despite the hedging system which has enabled SNCF Voyageurs to avoid buying most of its electricity at market price, the bill will double to around 600 million this year, Jean-Pierre Farandou noted during a hearing. in the Senate.

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“Next year, we are still covered but a little less.

(…) With the price of the moment, we would have at this stage an additional cost for electricity alone of 1.6 to 1.7 billion”

euros, he warned.

Half of the sum will concern the TER and Francilien (in Ile-de-France), and should be compensated by local authorities.

"That's several tens of millions a year for each of the regions

," he noted.

Read alsoThe SNCF is considering a “function train” to replace the car

The other half concerns the TGVs, operated at its own risk by SNCF Voyageurs.

“If we directly passed on (this increase) to the cost of the ticket, we would have to increase the TGV tickets by 10%

”, indicated Jean-Pierre Farandou, speaking of a quick “table corner calculation”.

“We have not yet decided what we are going to do”

, he said, while the SNCF is also faced with rising wages, the prices of supplies, the cost of works, etc.

“We will discuss.

»

"

No removal of trains"

“Rest assured, we will not pass on 100% of the costs to the customers”

, guaranteed the boss of the SNCF, noting that

“the government is following this closely too

”.

SNCF Voyageurs consumes approximately 6 TWh of electricity per year, ie between 1 and 2% of national consumption.

“In the name of the sobriety plan, there will be no removal of trains”

, also underlined the leader.

Jean-Pierre Farandou once again pleaded before the senators for a vast investment plan in the railways, aiming to double the share of the train in about fifteen years.

The railways are aging, the performance plan of SNCF Réseau recently signed with the State being deemed

"not sufficient"

to rejuvenate them and a fortiori to modernize them, he regretted.

Jean-Pierre Farandou calls for

"a real programming law"

, and from the 2023 budget the contribution by the State of an additional billion euros to compensate for inflation and continue the work.

Source: lefigaro

All news articles on 2022-09-14

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