French energy giants advocate for prudent energy consumption. Executives of Engie, EDF, and TotalEnergies, the largest energy companies in France, called on people and businesses to slash power consumption immediately to push sky-high energy prices down.
The problem of mindless consumption is a burning issue around the world. It is not only about electricity. Nevertheless, the ongoing energy crisis triggered by the political boycott of Russian carbohydrates deals a double whammy to the EU energy sector. The leaders of the three companies made a joint statement published in the French weekly periodical Journal du Dimanche. They appealed to individuals and companies to unite efforts to boost energy efficiency and immediately cut the consumption of electricity, gas, and petroleum products. The French energy bosses are certain that "every gesture matters." "We must collectively take action on energy demand by reducing our consumption to recoup margins of maneuver. We will need them to manage the coming consumption peaks and to smooth out technical events or geopolitical shocks that we may have to face,” the statement reads. The energy companies said that they employed all their capacities, discovered an alternative source of LNG shipments from the US, replenished most of their gas storage sites in advance, and suspended the operation of several facilities of the energy infrastructure.
Earlier, Bloomberg reported that Germany’s authorities had already warned the population and businesses of an acute energy shortage in the autumn because Russia was likely to cut off gas flow to the country. Such gloomy prospects are sure to leave an imprint on the most powerful European economy.