- Vattenfall transfers over 15,000 business customers, 3,000 large accounts, and 175,000 residential contracts to Alterna énergie.
- The transaction awaits approval from the French Competition and Markets Authority.
- Alterna énergie has 20 years of experience and serves around 150,000 customers.
- Vattenfall will focus future investments on markets aligning with its integrated utility model.
Transaction Overview
Vattenfall has signed an agreement to transfer its French electricity and gas sales business to Alterna énergie. This transaction includes a customer portfolio of over 15,000 business customers, 3,000 large accounts, and 175,000 residential contracts. All employees from Vattenfall’s French subsidiary will join Alterna énergie.
Seamless Transition
Both companies are working closely to ensure a seamless transition for all customer accounts. Services will continue without interruption, and all contractual conditions will remain unchanged. The transaction is expected to become fully effective in the coming weeks, pending approval from the French Competition and Markets Authority.
Alterna énergie's Background
Alterna énergie is a well-established French electricity and gas supplier with approximately 20 years of experience. The company has a strong presence in renewable energy, collaborating with a large network of French renewable producers and serving around 150,000 customers across various segments.
Vattenfall's Strategic Focus
Since 2000, Vattenfall has been a reliable partner for French energy customers, initially focusing on business sales and expanding to the residential market in 2018. Despite the successful development of its business in France, Vattenfall will now prioritize future investments in markets where its integrated utility model can significantly contribute to the energy transition.
