Facing criticism from experts that its aid is insufficient, the government announced on Tuesday the extension of one of its key measures to combat rising energy prices. “electric valve». He himself came to plug a hole in his anti-crisis energy network, which already consisted of two measures. The first, the most famous, is nothing more than the tariff shield intended for individuals, which limits the increase in the price of electricity next year by +15 percent. This shield makes use of TPEs which consume less power. The second bailout, a window that has also been streamlined in recent weeks, targets SMEs, ETIs and large energy-consuming companies.
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L’“shock absorber» designed for VSEs and SMEs (less than 250 employees, €50 million turnover and €43 million balance sheet) that consume large amounts of electricity, such as butchers or bakeries equipped with a water meter. Power over 36. kVa. as well as “to all non-competitive communities and public organizations”.“, it is said in the press release of the executive. Mayors recently complained that they were being strangled by rising energy prices.
The state, therefore, announced Tuesday that it is expanding the system without being more generous. It will bear half of the bill when the contract sets a price higher than 180 euros per megawatt hour, compared to 325 euros provided for in the first version of the device. “The benchmark of €325 was too high, so we have revised it downwards”, we recognize within the executive. But if the state subsidizes only 50% of the additional costs, this should limit its weight. “shock absorber» 3 billion euros in the initial budget for public finances.
Simplified device
The number of beneficiaries should be large. One of the first French suppliers tells the story Figaro that only half of its professional customers use the price below 180 euros. Instead, the aid will bring the price up to a ceiling of 500 euros per megawatt hour. the limit has been revised downwards, as originally set at €800. However, the support cannot exceed AMD 160 per megawatt hour. An SME that signed a contract worth EUR 200 will receive an average of EUR 10 per megawatt hour, that is, half the price. A company worth 400 euros will earn 110 euros per megawatt hour.
Generally, the state will cover 20% to 25% of the bill. It should be noted, adds the government, that “This aid will be calculated on the ‘energy share’ of the contract in question, i.e. on the average annual price of electricity without the costs of the electricity route through the network (network tariff or Turpe) and without duty.”.
Criticized for the complexity of the aid system, the government has ensured that companies only need to submit an electricity bill to benefit from it. “shock absorber”. Furthermore, assistance will be deducted directly from invoices by the provider once provided. And that, usually, from the beginning of 2023. The state will compensate directly with the suppliers.
The tripling of exceptional anti-crisis aid is also supported by a state guarantee to insurers in case of default. Multiplying the weight of energy bills has actually significantly increased the credit risk for suppliers, who have therefore increased the risk premium on contracts… Which further increases the price of gas and electricity for companies in less good financial shape. Above all, the exceptional aid is compounded by the very low prices of electricity of nuclear origin (42 euros per megawatt hour), which all companies within Arenh benefit from. On average, Aren covers half of the company’s electricity supply.
Source: Le Figaro
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