Justice rules in favor of E-Pango, wrongly ejected by RTE from its business as an electricity supplier


E-Pango is an alternative gas and electricity supplier that no longer sells gas or electricity. Having made this observation, how is it still possible that its share price will soar by 60% today? Simple speculation about a return to business after a court decision in favor of this Parisian company which went public at the worst of times, in the summer of 2021, just before the rise in energy prices degenerated. Since then, E-Pango, suspended from trading between the beginning of February and the end of June, has lost 90% of its value.

In November, i.e. four months after its introduction, the surge in gas prices from the summer (reopening of the economy, strong Asian demand, low stocks in Europe, hydraulic drought in Brazil which forced it to import more LNG, Russia, which was already limiting its deliveries so that Europe could certify Nord Stream 2) forced E-Pango to suspend the marketing of its gas supply. E-Pango was then no more than an electricity supplier, positioned in the niche of local authorities, universities and public establishments (Château de Versailles, the opera houses of Paris and Lyon), until it also be ejected from this profession.

The company is studying “the follow-up to be given”

At the beginning of February, E-Pango asked Euronext to suspend its share price after RTE, the electricity network operator, following the deliberation 2022-25 of the Energy Regulatory Commission of January 20, took the decision to withdraw its status as balance responsible party, thereby penalizing consumption overruns not covered by the supplier.

At any time, on the network, the quantity of electricity injected must be equal to the quantity of electricity withdrawn. To maintain this balance between supply and demand, RTE appeals, against payment, to producers and consumers to modify their planned operating program very quickly. A balance responsible party is therefore a market player who financially compensates for the differences observed between injections and withdrawals from its balance perimeter. E-Pango – which given the soaring prices did not have the means for this compensation – challenged this decision before the Council of State and accused RTE “unjustified and disproportionate requests for coverage […], an error in the allocation of electricity consumption by entities that are not E-Pango customers. » In March, the alternative supplier no longer had the right to buy or resell electricity. Customers were transferred to EDF.

This morning, E-Pango let it be known that justice had ruled in his favor. “Deliberation 2022-25 of the Energy Regulatory Commission of January 20, 2022 was canceled by the Council of State in a decision dated October 17. E-Pango had requested the cancellation of this deliberation in a request dated February 3.reads the company’s press release which says, now, “study[r] with its advisers, the follow-up to be given to the decision of the Council of State. »

In July, when publishing its turnover for the first half of the year, the company recalled that it had started discussions to secure a new balance responsible party contract, in order to quickly obtain the lifting of the suspension of its authorization. electricity supply. In the meantime, the company has reoriented its business towards “Smart” activities which should begin to generate turnover in the coming months. This activity consists of setting up self-consumption and storage solutions.




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