The price of wholesale electricity is soaring in France: what to watch out for on your energy contract | TechBuzz

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1,000 euros per MWh for 2023 in France, whereas it was at 85 euros a year earlier. The price of wholesale electricity is skyrocketing. Take the time to check that your electricity contract is indeed indexed to EDF’s regulated tariffs.

Electricity
Source : Andrey Metelev sur Unsplash

Electricity prices are rising, that’s what we can read in all the media. In question, the war in Ukraine, but also the shutdown of many French nuclear reactors, managed by EDF. We then learn that the wholesale price of electricity for 2023 in Germany and France is breaking records. Indeed, this Friday, August 26, this price rose to 850 euros per MWh in Germany and more than 1,000 euros in France. In 2021, at the same period, the megawatt hour was purchased at 85 euros.

Wholesale markets are booming

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This is not new, the price of energy has been soaring for several months. Despite the “tariff shield” introduced by the government, thousands of customers are subject to price increases, changes in offers and even threats of power cuts.

The first risk is if you are a customer of an alternative supplier. Indeed, many purchase energy on the wholesale markets, which is essentially supplied by surplus electricity and the sale of electricity from producers in countries bordering France. The problem is that this price is increasing, in France the price per MWh was at 103.88 euros at the beginning of September 2021, compared to 45.02 euros at the beginning of March 2021. It is currently at more than 700 euros, as you can see on RTE France.

Avoid offers not indexed to the regulated tariff

Most alternative energy suppliers are therefore to be avoided

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, except for offers indexed to the regulated tariff. The current context undermines the profitability of these offers, but also their interest for consumers.

In this context, you must check the conditions of the contract as well as the purchase price of electricity and its future increases. Also check whether the clauses of your contract have not changed, even if you have subscribed to offers with fixed prices which do not change throughout the duration of the contract and which theoretically allow you to protect yourself against possible increases in price.

It is recommended to check that the prices appearing on your contract are in line with those announced. For information, here are the prices set by the State via the regulated EDF tariff, also known as the “EDF blue tariff”. This rate is available as a basic option and as an EDF Peak Hours / Off-Peak Hours option.

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However, note that prices are not locked indefinitely. Eventually, at the beginning of next year or in the months following the end of the price shield, there may be increases that will be discussed.

EDF offers a special Tempo offer

This winter, individuals and small businesses in France will be encouraged to moderate their electricity consumption during cold weather peaks, in exchange for advantageous rates the rest of the year. This is the offer Tempo of EDF, it should encourage lowering the heating on very cold days.

Concretely, you will be warned the day before of the peaks. Voluntary customers will therefore be able to pay a very favorable annual rate, but during these consumption peaks, around 20 days a year, distribution could be reduced or even cut off. We recommend this offer if you have an alternative heating system, such as wood heating for example.

Increases among suppliers and professionals

Although individuals and small businesses benefit from regulated tariffs, electricity price increases continue to lead to price increases for large companies, including charging operators. Tesla regularly increases its prices, but this is also the case for all the others, including Allego in September. The strong increases in the wholesale markets will thus mainly affect large companies, for the moment.


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I am admin of techbuzz.asia blog & I provide tech-related news. As a part of my hobby, I make content related to technology and gadgets reviews too. I love to be a content creator apart from it, I am a full-time employee in an MNC company and manage blogs systematically. You can mail me at [email protected]

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