TotalEnergies does not rule out new aid to contain energy prices

TotalEnergies does not rule out new aid to contain energy prices
TotalEnergies does not rule out new aid to contain energy prices

July 8, 2024, by Aurélien Delacroix

At the Aix-en-Provence Economic Meetings, Patrick Pouyanné, CEO of TotalEnergies, announced the possible reduction of the fuel price cap for the company’s gas-electricity subscribers. This initiative comes in a context of growing anger over energy prices in France.

A cap on the price of fuel


TotalEnergies CEO Patrick Pouyanné confirmed that the group’s cap of €1.99 per litre of fuel at the pump would remain in force. This measure, which has been well received by consumers, could even be adjusted downwards for customers who subscribe to the company’s gas-electricity offer. At the Aix-en-Provence Economic Meetings, Pouyanné stressed: ” This measure, yes it is there, yes it will remain ». He also mentioned the possibility of a reduction in the ceiling for TotalEnergies’ multi-energy subscribers, without giving any further details at this stage.

TotalEnergies currently has five million individual customers for its gas and electricity offer. If this new measure were to be implemented, it would represent significant support for many French people. The manager admitted that this decision was ” not entirely economically rational ” but that it was responding to growing anger over energy prices.” Businesses, in this complicated and fractured world, undoubtedly have an increasingly important role to play. “, did he declare.

A gesture from TotalEnergies in favor of consumers

The cap of 1.99 euros per litre, implemented for the first time in 2023, has been particularly beneficial for petrol stations in rural areas, where fuel transport costs are higher. This initiative, according to Patrick Pouyanné, corresponds to a form of corporate social responsibility: ” It is a policy that has completely met with the approval of the French people. ».

For the big boss, companies must take part in the public debate with concrete actions. “We can’t just say that all this is not our problem, because it is our problem, we live in this society,” he said. Hoping that ” The French debate returns to positive territory “, he reiterated the importance of the contribution of businesses to society.

The maintenance of the cap at 1.99 euros per litre of fuel had already been announced for the current year and ” maybe even beyond “, but the cost of this measure for the group has never been disclosed. In this sense, TotalEnergies seems determined to play a key role in managing energy challenges in France, while supporting its customers in the face of soaring prices.


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