Electricity: record prices? Should we come back to EDF? All the questions you have about alternative providers

Electricity: record prices?  Should we come back to EDF?  All the questions you have about alternative providers

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The energy crisis has many households fearing significant increases in their electricity bill. As more and more French people are turning to EDF’s regulated tariffs, what are the advantages of such an approach? To see more clearly, La Dépêche spoke with Aurian de Maupeou, co-founder of Selectra, a company specializing in the comparison of electricity offers.

Hydroption placed in compulsory liquidation, Oui Energy ejected from the market, Iberdrola forced to push its customers out… With the energy crisis, many alternative electricity suppliers are struggling to cope with soaring prices.

Anticipating unreasonable bills, some of their customers are already turning to EDF and its regulated tariffs. But is it really the right time to change contracts? Should we fear a rise in prices or possible cuts?

In order to see more clearly, La Dépêche spoke with Aurian de Maupeou, co-founder of Selectra, a company specializing in the comparison of electricity offers.

I am a customer of an alternative supplier. Is it the right time to change contracts?

This is a question that many individuals are asking, while the tariff shield put in place by the government is due to end at the beginning of 2023. In reality, turning to EDF depends on your energy supplier. “If you are one of those customers who have received a letter announcing upcoming price increases, then it may be time to change operator,” advises the expert.

Are some alternative providers still competitive?

As most “small” suppliers do not produce electricity but buy it on the wholesale market, they depend on the economic situation at the time. However, French people still find their account with these alternative operators. “We can cite the example of Total, whose price is 5% cheaper than that of EDF. With these offers, the consumer is a clear winner,” said Aurian de Maupeou.

Indeed, thanks to the takeover of Direct Energie launched in April 2018, the French energy company benefits from production capacities allowing it to avoid supplying itself on the wholesale market.

“Despite the situation, Watenfall, the Swedish EDF, maintained very attractive prices until September 1. ENI, the Italian Total, continued to market gas at the same price as the regulated tariff, even though it would have had every interest in selling it on the market rather than to customers”, observes the energy expert. Be careful though: if these prices may seem interesting for the time being, the end of the price shield can completely change the situation.

Should we turn to EDF?

“EDF prices act as a standard, and evolve in a manner controlled by the State. This is why we speak of regulated tariffs”, explains Aurian de Maupeou. To date, EDF’s tariff is set at 17.4 cents per kilowatt hour on the basic offer. “This price, which should have increased enormously during the winter, stabilized thanks to the intervention of the State, which capped prices at 4%”, observes the expert. In summary, if you are one of the millions of individuals who have subscribed to an EDF subscription, it is better, for the moment, not to change your contract.

You have subscribed to the offer of a private operator and you want to return to EDF’s regulated tariffs? Nothing could be simpler: all you have to do is contact the supplier so that he can redirect you to an offer at the regulated price. The icing on the cake: EDF takes care of the procedures with your current supplier.

I want to change supplier. Should I be worried about cuts?

The question has come up a lot on social networks. However, do not worry: “the cuts are never linked to the supplier”, reminds Aurian de Maupeou. “Your electricity is always guaranteed, regardless of your supplier. Even if you don’t have a subscription, Enedis can at worst limit the power of your meter to 1 kilowatt. less charging the phone or even watching TV,” warns the energy expert.

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