First liquidation of an electricity supplier

INFO LE FIGARO – Hydroption had stopped supplying Paris and the State in an attempt to save itself. Without success.

Soaring electricity prices have claimed its first victim. Hydroption, one of the suppliers until recently to the State, the army and the town hall of Paris, was liquidated Thursday afternoon by the Toulon commercial court. The company had been in receivership since October 21 and in safeguard proceedings since 2018. Saving the company at the expense of its biggest customers: the survival plan drawn up in recent months by the company has failed.

In recent years, Hydroption has won gigantic contracts with the State, the army and the town hall of Paris at unbeatable prices. What to exasperate the competitors. “We all wondered how they were doing, if we had missed something they would have seen and not us to cut prices”, recalls the manager of a supplier backed by a large foreign group.

There was no “thing”. Just reckless risk-taking on the part of a company without a dime in the cash register. Hydroption won its contracts

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