The heads of EDF, Engie and TotalEnergies released a joint statement, appealing to their customers in France for “urgent restraint” on Monday, asking them to cut back on energy usage amid soaring prices.
"For months now, the European energy system has been under severe pressure, and the French energy system is no exception. Russian gas deliveries by pipeline have fallen sharply for certain countries, including France," said Catherine MacGregor, CEO of Engie, Jean-Bernard Lévy, chairman and CEO of EDF, and Patrick Pouyanné, chairman and CEO of TotalEnergies.
The rising prices resulting from this “threaten social and political cohesion and have too heavy an impact on the purchasing power of families," they added.
The three industry heads said they had taken action to tackle supply in the short term by “diversifying gas supplies, proactively filling storage facilities, installing a floating storage and regasification unit (FSRU) in the port of Le Havre to accelerate LNG imports, and reactivating 'mothballed' facilities.”
However, they called on their customers to do their part and reduce their consumption of electricity, gas, oil and energy products, starting from the summer, saying “the best energy remains the energy we do not consume.”
“We must act on energy demand by reducing our consumption to give us more room for maneuver. We will need it to manage future consumption peaks and to cushion the technical hazards or geopolitical shocks that we may have to face,” the statement urged.