Gas suppliers will be compensated for price gel announced by Government

The Assembly voted on Friday night, in favor of a compensation system after Jean Castex announced, on October 21, that the price of gas would be frozen “all along the year 2022”.

Le Monde with AFP

The National Assembly adopted at the very evening, Friday, November 5, a device for compensating the gas suppliers after the establishment of the “tariff shield” to limit the outbreak of energy prices for households .

The Government amendment provides for a catch-up mechanism, from July 2022, in order to offset the losses that are preparing for suppliers because of the price gel. With if necessary a possibility of compensation by the state budget. Small suppliers “of less than 300,000 subscribers” will also benefit from a deposit before February 28, 2022.

Threats of “litigation”

Prime Minister Jean Castex announced on September 30, the gas price blocking for about five million subscribers (including three million regulated tariff) in the face of the steady rise in recent months. On October 21, he added that the price of gas would be frozen “all along the year 2022”, and not only until April as originally indicated.

The government has promised a “accompaniment” to worried suppliers, while some threaten to hire “litigation” against the state.

/Media reports.