French households face 10.4% gas price increase: Impact, explanation, and transition to biomethane

2024-02-04 07:46:09

This is bad news for French households. The price of gas will increase once more on July 1 and the increase will be from 5.5% to 10.4%, confirmed Emmanuelle Wargon, president of the Energy Regulatory Commission.

This increase may come as a surprise given that the benchmark gas price for January 2024 fell by 4% following months of successive increases. “It’s essentially linked to the fact that consumption is falling”explained Emmanuelle Wargon.

“It’s good news that consumption is falling, it’s good for the planet, it’s also good for purchasing power, because we consume less. But as we still need the pipes and we have the same requirement for quality and safety, if we distribute the expenses of using the network over less consumption, necessarily consumer by consumer, that’s a little bit more.” said the president of the Energy Regulatory Commission.

The impact on the bill

What will be the impact on the bill for consumers? This will represent an increase of 5.5%, or 7.30 euros more per month for a customer who uses gas for heating. Which represents a increase of 87.60 euros over one year.

This will represent an increase of 10.5%, or 2.20 euros more per month for a customer who uses gas for their domestic hot water. In total, he will have to pay 26.40 euros more over one year.

More biomethane

The rise in gas prices will benefit the energy transition, assured Emmanuelle Wargon. “In the price that arrives for the next four years, we have planned all the necessary investments for biomethane. It is produced locally, often by farmers or sometimes on waste management installations and these installations must be well connected of methanization up to the gas network. That’s part of the price. The investments will be there to accommodate more biomethane and therefore gradually reduce the share of fossil gas in the gas we use.”underlined the president of the Energy Regulatory Commission.

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