How can energy contracts be renegotiated?

by time news
TotalEnergies was the first energy supplier to agree to renegotiate the contracts of merchants and VSEs STEPHANE MAHE/REUTERS

VSEs that signed their contract at the height of the crisis will be able to renegotiate it.

Under the kind pressure of Emmanuel Macron, energy suppliers, mainly those of electricity, have agreed to make efforts to renegotiate the contracts of traders and VSEs signed at the time of the peak in electricity prices, between the months of August and October 2022.

TotalEnergies was the first to give in, even before the meeting in Bercy between Bruno Le Maire, Minister of Economy and Finance, Agnès Pannier-Runacher, Minister of Energy Transition, and the main energy suppliers, Friday after- noon. The group “is ready to initiate price revisions with VSEs that have signed a contract between 1is August and November 30, 2022” et “proposes to reduce these contracts to an average annual price of 320 euros excluding tax (excluding tax) per MWh (megawatt hour)”. This will bring the tariff for these customers to the level proposed by TotalEnergies from January 2023.

The day before, on the occasion of the traditional Epiphany galette, at the Élysée, the President of the Republic…

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