EconomyFinancialWhy does Iberdrola ask its customers in France to...

Why does Iberdrola ask its customers in France to find a new electricity supplier?

A part of the French clients of the Spanish electricity company Iberdrola were invited to “supply elsewhere” to benefit from regulated energy sales rates, and avoid “doubling or tripling” prices in an automatic contract renewal , confirmed the company on Sunday to AFP.

Iberdrola sent an email in recent days to all its French clients whose contracts end in October. “Less than 10,000 clients are involved, that is, 2% of our clients in France, a very small part,” a spokesperson for the group in Madrid told AFP.

“Until the end of their contract they will continue to receive electricity at the same price, but they must make a decision in order to continue benefiting from regulated rates with other providers and avoid an automatic renewal of the contract with us. If they do not react, prices will double or triple for them,” the spokesman said.

“It is as inexplicable as a situation that we prefer to give our clients the means to protect their own interests,” he added.

Iberdrola thus confirmed information disseminated since Friday by various French media.

The Spanish group insisted that it is not withdrawing from the French private market, contrary to what they did to Leclerc Energies, or CDiscount Energie, which no longer accepts new clients. “Iberdrola will continue to supply French customers,” he said.

However, “high prices and the extreme volatility of the energy market context force us to transfer those costs to clients when we make new contracts with them,” the company explained.

Iberdrola, which buys electricity on the market to supply individuals, thus admits that it is impossible for it to apply a “shield” that protects many French customers.

“We will not be in a position to supply power at a competitive price,” the spokesperson said.

According to a report from the Court of Auditors in July, 67% of French families will benefit from Regulated Sales Tariffs (TRV) for electricity, the price of which is set once a year by the Energy Regulation Commission (CRE), and approved by the ministry in charge of energy.

To work more! Macron seeks to lengthen the retirement age in France

The French president said that the change will begin to be implemented gradually from next year so that in 2031 the retirement age increases by three years towards 2031.

This is how the light bulb was invented

History tells us that the famous inventor Thomas Alva Edison was the inventor of the light bulb, which is not true. Many searched for it and quite a few got it, but Edison was the one who turned that invention into a money-making machine.

For the first time, France sends gas directly to Germany as a show of...

This show of solidarity from the French government to overcome the decline in exports from Russia is part of an agreement between the two main economies of the European Union.

Why are there such long lines at gas stations in this European country?

In several regions of the European country, long lines can be seen at fueling stations due to the stoppage at refineries.

The violation of a judicial suspension: crime or delight? The Cenace and Iberdrola

Just as the expiration of a driver's license should exclude us from driving on asphalt roads, a company with an expired license should be unplugged from the network, compares Miriam Grunstein.