- The transaction involves over 15,000 business customers, 3,000 large accounts, and 175,000 residential contracts.
- All Vattenfall French subsidiary employees will join Alterna énergie.
- The transition ensures uninterrupted services and unchanged contractual conditions.
- The deal awaits approval from the French Competition and Markets Authority.
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 transition to Alterna énergie.
Service Continuity
Vattenfall and Alterna énergie are collaborating 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 be fully effective in the coming weeks, pending approval from the French Competition and Markets Authority.
Alterna énergie's Role
Alterna énergie, a French electricity and gas supplier with around 20 years of experience, has a strong presence in renewable energy. The company works with a large network of French renewable producers and serves approximately 150,000 customers across various segments.
Vattenfall's Strategic Focus
Since 2000, Vattenfall has been a reliable partner for French energy customers, initially serving business sales customers and expanding to the residential market in 2018. While the business has developed successfully, Vattenfall will now prioritize future investments in markets where its integrated utility model can significantly contribute to the energy transition.
