News Karnataka
Tuesday, October 04 2022
Europe

Paris: France’s railway giant SNCF to pay 1.7-bn-euro more for electricity

France's railway giant SNCF to pay 1.7-bn-euro more for electricity
Photo Credit : IANS

Paris: French national railway company SNCF has said that the electricity bill for passenger trains will rise by nearly 1.7 billion euros ($1.7 billion) in 2023 due to the rise of electricity price.

Speaking to the Senate, Jean-Pierre Farandou, CEO of the SNCF, on Wednesday added that despite the fact that the SNCF Voyageurs (passenger trains section) buys most of its electricity at a non-market-price, the electricity bill for 2022 will still double, reaching 600 million euros.

“With the price of the moment, we would have at this stage an additional cost for electricity alone of 1.6 to 1.7 billion euros,” he said.

“If we passed on directly (extra cost) to the price of the ticket, we would have to increase the TGV ticket prices by 10 per cent,” the CEO said, adding that “we have not yet decided what we are going to do”.

But he promised that the national company will not “pass on 100 per cent of the costs to the customers”.

As French Prime Minister Elisabeth Borne demanded companies in France to prepare an energy plan by September, Farandou said that “there will be no suspension of trains” during winter season, Xinhua news agency reported.

According to local media, the SNCF Voyageurs consumes about 7 terawatt-hour (TWh) of electricity each year in France, equivalent of the production of a nuclear power plant.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp