Skyrocketing energy bills alarm businesses

Unlike French households, many of which benefit from a regulated sales tariff, companies are much less protected from soaring energy prices. The multiplication by more than ten, for a year, of the prices of electricity and gas begins to be felt with those who must renegotiate their contract expiring at the end of the year.

“The economic impacts of current gas and electricity prices are going to be devastatingexplains Alexandre Saubot, President of France Industrie. If we do not find a solution by the end of the year, because most contracts have this date for expiry, some manufacturers will simply stop. Same echoes on the electro-intensive side (aluminum, chemicals, cement, steels, glassmakers, etc.) gathered within Uniden. “With the explosion of wholesale electricity market prices in Europe, particularly in France, producing will soon no longer be an option.is alarmed this union of industrialists. Factories…