France’s railway giant SNCF to pay additional 1.7 bn euros for electricity

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.