An electric energy exchange system between at least one motor-generator system and at least one storage member determining a continuous storage voltage between two branches of a bus circuit on which are connected in parallel a DC/DC converter, a filtering capacity, and a DC/AC converter connected on at least one motor-generator system. The system includes at least one thyristor connected as a bypass on the positive bus between the storage member and the output of the converter-voltage raiser to short-cut the converter, and a thyristor priming device to, based on the required voltage at the filtering capacity, determine at least in discharge the shorting of the converter-voltage raiser with direct passage of the current through the thyristor as long as the voltage of the filtering capacity, which is substantially equal to the storage member voltage, is sufficient for the electric machines to provide requested torque. The system can particularly be applied to a power-bypass hybrid vehicle, for continuous variation of transmission ratio.