New tariffs enter into force

ELECTRICITY bills rise an average of 5% from today, as interest rates on savings are cut to 1.25% and gas prices drop slightly.

EDF is introducing a new set of tariffs from August 1, which will hit small users the least, but will push up prices in general. They affect the state regulated accounts still owned by 95% of French households.

The interest rate of the tax free savings account the Livret A is cut from 1.75% to 1.25% - its lowest ever level, last seen in August 2009.

Meanwhile the prices of state regulated gas bills are set to drop slightly, by an average of 0.45%.

The SNCF and RATP have both decided to keep their fares unchanged.

Photo:Teq