TotalEnergies offers 10% discount on energy to new clients

TotalEnergies unveiled a new online offer called Access on Monday, May 18. It grants a 10% discount for three years on electricity and gas to new clients. The announcement follows record profits and political pressure.

The group led by Patrick Pouyanné launched this offer exclusively online. New subscribers will receive a 10% reduction on the price per kilowatt-hour of electricity excluding taxes compared to the regulated tariff, and the same on gas relative to the reference price.

Existing customers will not automatically receive the discount. The company assures they will remain protected against possible price increases. This measure complements the fuel price caps already in place at the group's service stations.

Petrol stays below 1.99 euros per liter and diesel under 2.09 euros at least until May 31. The announcement responds both to geopolitical tensions in the Middle East and criticism from French political leaders after first-quarter results rose 51%.

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Illustration of a French gas station with surging fuel prices at 1.99€/L amid Iran conflict tensions, showing queues and worried drivers.
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Fuel price surge in France amid Iran war

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Fuel prices in France have surged following Israeli-American strikes on Iran, reaching one-year highs. The government is closely monitoring the situation and has summoned distributors to verify price adjustments. TotalEnergies maintains a cap at 1.99 euros per liter in several stations.

Prime Minister Sébastien Lecornu has called on TotalEnergies to strengthen its fuel price caps to redistribute its superprofits. The statement comes amid a sharp rise in the group's earnings due to the Middle East conflict. The government is opting for targeted aid amid budget constraints.

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The German government's fuel discount took effect at midnight. Taxes on petrol and diesel drop by about 17 cents per litre for two months. It remains unclear how quickly pump prices will reflect the cut.

The French government announced a 70 million euro support plan on Friday evening for road transporters, fishermen, and farmers hit by energy price hikes from the Middle East conflict. Valid for April and renewable monthly, it provides targeted sectoral aid without worsening the public deficit. Sector reactions are mixed.

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On May 1, 2026, electricity prices on the German exchange dropped to minus 499 euros per megawatt hour. High photovoltaic production met low demand on a holiday. Economy Minister Katherina Reiche plans reforms to address this.

The European Commission, led by Ursula von der Leyen, proposes reducing electricity taxes, reviewing the carbon emissions market, and avoiding premature nuclear plant closures to lower energy prices amid the Middle East war. These measures address surging oil prices due to the Strait of Hormuz closure, costing 6 billion euros since February 28. The EU meanwhile rejects military involvement in the conflict despite pressure from Donald Trump.

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José Antonio Kast's government issued decrees tweaking the Mepco, allowing historic gasoline and diesel price hikes starting March 26. The move addresses surging oil prices from the Iran war and fiscal tightness, with relief for paraffin and transporters. Congress approved the bill after negotiations exempting SMEs from higher taxes.

 

 

 

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