COMPANIES & STRATEGIES - INDUSTRY

Electricity crisis

Eida to cease electricity supply following increase in prices



The company says that the energy already consumed and supplied by Eida will still have to be paid for. A final statement on each customer’s electricity supply will be provided. Photo: Shutterstock.

The company says that the energy already consumed and supplied by Eida will still have to be paid for. A final statement on each customer’s electricity supply will be provided. Photo: Shutterstock.

The Beckerich-based company Eida will stop supplying green electricity to its customers after its Dutch supplier Anode announced going bankrupt following a rise in energy prices. Eida will continue to supply natural gas.

The price per MWh of electricity is estimated to have risen from an average of €41.04 to €186.25 between November 2020 and 2021. This considerable increase in prices had put a strain on Anode’s business.

“The tense situation on the energy markets has led to the bankruptcy of Anode's supplier and consequently to Anode, Eida's partner in supplying electricity to Luxembourg, having to stop its supply activities without prior notice,” stated Eida in a press release.

From 14 December Eida’s customers will be supplied by a back-up supplier, in this case Enovos. The cost of this so-called last resort supply is more expensive than the regular one. Medium and high voltage customers will have until the end of February 2022 to choose a different electricity provider, while the deadline extends to the end of June 2022 for those whose consumption remains below 400V.

However, Eida’s activity in Luxembourg will continue as its supply of natural gas will not be affected. The installation of charging stations for electric cars and IT services will also continue to operate.

The company said that the energy already consumed and supplied by Eida will still have to be paid for. A final statement on each customer’s electricity supply will be provided.