Electricity prices are expected to rise in 2024 in France but so far they have been lower than rates in many other European countries due to a price cap established by the state in 2022.
The bouclier tarifaire (energy shield) has limited price increases and now accounts for nearly 42% of the true price of electricity.
The company Hello watt, which specialises in electricity use advice and is partnered with the French ministry of the Environment, estimates that without this cap, French prices would be equivalent to those in the United Kingdom, which are currently the highest in Europe.
In September 2023, French people (non business rates) paid on average 27.2 cents per kWh, compared to 46.5 in the UK, 37.9 in Germany and 34.9 in the Netherlands. Italy and Spain rank lower at 23.9 and 19.4 respectively.
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