Bordeaux gas, the market that was worth 140 million
The State Procurement Directorate recently awardedGaz de Bordeaux a contract estimated at 140 million euros. For two years, from January 2018, it supplies more than 2000 public buildings throughout the country, including the National Library of France, the premises of Météo France or the School of Mines, as well as other buildings such as prison centres and courts.
A thriving market for Gaz de Bordeaux
Gaz de Bordeaux is a girondine company headquartered in Ravezies Square in Bordeaux. However, it generates 70% of its turnover outside its department. Demonstration of strong and noticed potential. The company is 100% owned by Régaz, a local mixed economy company also located in Bordeaux. Over the past five years, Gaz de Bordeaux has seen its gas sales triple. It now has a portfolio of 13 million KWh.
This new contract will represent for Gaz de Bordeaux the supply of 2 TWh (or 2 million KWh).
The company already has large customers such as the fast food chain Macdonald’s, but also Mr Bricolage or Lyon Airport. The achievement of this important contract continues to gild the coat of arms of Gaz de Bordeaux, thus placing it in the spotlight, among the main players in the natural gas market of France.
In 2016, it already had a turnover of 355 million euros, with more than 245,000 customers, including 30,000 from the professional community.
The changing energy market
Since the opening of the market in July 2007, making all consumers eligible for the offers offered, the number of players competing has increased considerably, between historical suppliers (Gaz de Bordeaux, Antargaz) and the development of alternative suppliers (Total, ENI, Engie…). The latter offer both the supply of electricity and natural gas, nibbling away at the market share previously held by the historical players.
France is a country that imports almost all of the natural gas consumed. For example, 98% comes from Norway, Russia, the Netherlands and Algeria. In the current geopolitical context, the price of natural gas is increasing as supply becomes scarcer. Alternative players are therefore timely to compensate for these prices and offer more attractive offers for the consumer.
As of January 1, 2018, the price of natural gas will rise further in France, by 6.9%. The increase is less important for its use in the kitchen, or for heating water (2.3% and 4.3% respectively). However, it remains higher than electricity, whose price continues to remain stable.
What future for natural gas in the face of the impressive growth of alternative suppliers?
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