Why electricity prices have soared in France

Electricity prices jumped 5.9% in June for the 25million households which buy from EDF – but the two million who are with competitors also face rises.

The rise translates to an extra €85 on annual bills for the majority of French homes which use electric radiators for heating.

EDF responded in mid-June by launching a new deal, Mes jours Zen, promising up to 30% off prices at weekends and on one weekday of the client’s choice.

EDF prices are regulated and controlled by the Commission de Regulation de l’Energie (CRE), an independent body which fixes prices for both electricity and gas.

It suggests changes once or twice a year to take into account the varying costs of production and EDF (electricity) and ENGIE (gas) commercial running costs.

In the ...

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