Tuesday, 26 October 2021 02:07 GMT

France: Consumer group cautions of rise 10 pct in electricity prices this winter

(MENAFN) French consumer group UFC-Que Choisir has cautioned of an unmatched increase in electricity prices for France, with European natural gas prices reaching all-time highs in latest weeks.

On the basis of the official method for measuring the adjusted tariff for the sale of electricity, UFC-Que Choisir has projected electricity prices in the country will surge by 10 percent at the start of next year.

Figures by Le Parisien demonstrate that expenses for a household of four utilizing electric heating have already soared by nearly 50 percent in the past decade, from about USD1,257 in the summer of 2011 to about USD1,821 last month UFC-Que Choisir noted with the expected 10 percent rise for next year, it will mark a 25 percent rise in electricity bills since January 2019.

France is thinking about strategies to provide subsidies to help reduce the effect of increasing gas and electricity prices for low-income households. The minister noted that while prices have jumped gradually in 2021, they should stabilize next year. He further said that there was no risk of “systematic inflation.”

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