Increases in electricity and gas prices will be “contained” in 2023 despite surge of prices

The wholesale prices of electricity for 2023 broke a record for France on Friday by reaching more than 1,000 euros per megawatt hour (MWH), against around 85 euros a year ago. The gas courses evolve at historical levels.

Le Monde with AFP

How are the vertiginous increases in the wholesale prices of electricity and gas courses will affect French households? The Minister of the Economy, Bruno Le Maire, assured Saturday August 27 that the increase in electricity and gas prices for consumers would be “contained” in 2023.

“The 4 % cap [of the regulated electricity rate] will be maintained until the end of 2022, there will be no catch -up on this cap in 2023,” said the minister on the sidelines of the congress congress Majority executives in Metz, adding that “the increases in which the President of the Republic and the Prime Minister have spoke will be contained increases”. He clarified that the same principle would apply for the price of gas, without detailing more.

The wholesale prices of electricity for 2023 broke a record for France on Friday by reaching more than 1,000 euros per megawatt hour (MWH), against around 85 euros a year ago. The gas courses were playing this week at historical levels this week, more seen since the start of the Russian invasion in Ukraine, or more than 300 euros per MWh.

taken into account in budgetary forecasts

“For the most modest households, there will be energy checks that will help those who are most in trouble paying their energy bills,” insisted Bruno Le Maire. “We do not want inflation to result in economic brutality for French households,” said the Minister, who wants the effects of inflation for the population to be “smoothed over time”.

For companies, Bruno Le Maire said he wanted to simplify access to a fund of 3 billion euros for those who have difficulty paying their electricity bill. He also recalled that 1.5 million SMEs benefited from the regulated electricity rate and that others benefited from preferential rates.

The government will “simplify in the coming days these criteria of access to the one -stop shop so that any company which is today in difficulty because its electricity bill has exploded and that it does not is not protected by regulated prices, can more easily access these subsidies, “promised the minister. Asked about the cost for the State of these aids and the cap of energy prices, Bruno Le Maire assured that “all the budgetary forecasts were made by integrating the very strong increase in the prices of electricity and gas. We are not caught in short “.

/Media reports.