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Electricity prices: hotel owners and restaurateurs call on Bruno Le Maire to renegotiate contracts

Electricity prices: hotel owners and restaurateurs call on Bruno Le Maire to renegotiate contracts

Electricity prices: hotel owners and restaurateurs call on Bruno Le Maire to renegotiate contracts

Prices are considered “overhead”. Hoteliers and restaurateurs are calling on Economy Minister Bruno Le Maire to review the prices of their contracts with electricity suppliers, according to a press release published on Monday. Catherine Kérard, president of the French Hotels and Restaurants Group (GHR), and Thierry Marx, president of the Union of Hotels and Industries (UMIH), condemn “tariff contracts” Above the ground ” and ask Bruno Le Maire to arrange a meeting “as soon as possible.”

During this meeting, UMIH and GHR will be able, “under the auspices” of the Minister, to agree with the main energy suppliers and distributors on the terms of the renegotiation of contracts. According to a survey carried out by two trade unions at the end of January 2024, “more than half of professionals (59%) are still locked into energy supply contracts at extremely high prices, i.e. above €180 per MWh, while the price of MWh has fallen since the end of 2022 and is less than half that price.

“Dangerous” contracts

“From 10 to 15% of specialists will be bound by contracts whose value exceeds 350 euros per MWh,” professional organizations assure. “These contracts are very dangerous as they affect the profitability of companies to such an extent that some of them are now unable to cover their operating costs and repay their debts,” the unions warn. “According to the Bank of France, the number of business failures in this sector increased by 44.6% between 2022 and 2023,” they write.

“Faced with the dizzying rise in prices for energy, as well as for raw materials and personnel, professionals have not remained inactive,” says Thierry Marx, quoted in the press release. “They are trying to adjust their prices. But increases cannot be the only answer, especially as they come up against French purchasing power, which has been declining for months.

“The charter signed by the main suppliers in October 2022 needs to be updated, all energy sector stakeholders must be involved and asked to create a real mechanism for renegotiating current contracts with no-fee termination,” UMIH and GHR calculated.

Source: Le Parisien

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