Gas prices in France to rise 5.4% from November

This new gas price rise will bring this year's increase to over 16% overall

Regulated gas prices in France are to rise by 5.4% on November 1, energy board La Commission de Regulation de l’Energie (CRE) has confirmed, putting this year’s rise at 16.4% in total.

The rise will be the third significant increase since January.

The price of gas is calculated in part using the globally-standardised price of a barrel of oil, which has jumped considerably in recent months.

The CRE has also confirmed that tariff costs have risen due to practices such as energy company Engie importing 99% of its gas, meaning it must pay market prices, which have also risen in recent months.

The price is also affected by factors such as transport and distribution costs, as well as additional taxes.

Around 4.5 million homes in France are still affected by regulated gas prices, accounting for nearly half of gas policies in the country.

Yet, a new law - dubbed la Loi Pacte - is set to end regulated gas prices in France from 2023, to bring them into accordance with European law.

Stay informed:
Sign up to our free weekly e-newsletter
Subscribe to access all our online articles and receive our printed monthly newspaper The Connexion at your home. News analysis, features and practical help for English-speakers in France

More articles from French news
More articles from Connexion France
Other articles that may interest you

Comment

Loading some business profiles...

Loading some classifieds...