Marion Hubert received an alarming message from her power provider this summer warning of a doubling in bills for her apartment near Paris. But the company also offered a solution — she could avoid the dramatic rise in costs by switching to state-controlled former monopoly EDF.
Moves by some of France’s smaller distributors to ditch clients come as soaring wholesale electricity prices across Europe raise fears of a growing wave of insolvencies among power suppliers from Britain to Germany.
Companies that roped in customers with bargain offers are now struggling to cover their wholesale purchase costs, stretching their business models to breaking point.
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