The surge in wholesale electricity prices in Europe led the French energy policeman this summer to strengthen oversight of operators in France, who benefit from de facto subsidized electricity.
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Ohm Energie is under investigation by theAt Energy Regulatory Commission (CRE), the body announced Friday, September 9 in a press release, confirming the information of the Parisian. the alternative electricity supplier, founded in 2018, is suspected of making undue profits on the markets with low-cost nuclear electricity purchased by EDF through theRegulated access to historic nuclear electricity (Arenh).
The independent authority suspects that it bought nuclear electricity from Arenh and resold it on the markets at a higher rate instead of giving it to its customers.
Ohm Energie disputes this version and claims not to have it “has never sold the slightest kWh of the Arenh on the stairs”according to its founding president, François Joubert, a former EDF engineer. Ohm Energie, however, confirmed to AFP that they did “received a notification informing him of an investigation carried out by the CRE”. “After the increase, its rates remain lower or equivalent to those of its competitors”, once again claimed the company, that “intends to keep them throughout the winter without further increases”.
“A first investigation has been launched on Ohm Energie, which does not prejudice in any way at this stage the existence or otherwise of violations that only a merit investigation will allow us to ascertain, if necessary”, for its part declared the CRE. She “confirms that some suppliers are the subject of ongoing investigations, in particular regarding actions that may constitute an abuse of Arenh”. Investigations may lead to a referral to the Dispute Resolution and Sanctions Committee (Cordis), which can decide on any sanctions.
The consumer association CLCV explains that it has been alerting the authorities for months “Arenh’s speculative fault risk” from alternative suppliers with a “bypassing the Arenh rules”. According to the association, the suspects also target the company Mint Energie against which the CLCV has launched a collective action.
The regulator recalls that private individuals and some small professionals can always change contracts and opt for EDF’s regulated tariffs, frozen since February by the government’s “tariff shield”.