The Energy Regulatory Commission (CRE) on Wednesday proposed a 3.89% tax-inclusive increase in regulated electricity sales tariffs (TRVE) in France from August 1.
The independent administrative authority responsible for ensuring the proper functioning of the electricity and gas markets recalls that the government retains the possibility of opposing the reasoned proposals for regulated tariffs (TRVE) formulated when these exceed more than by 4% the rates applicable on December 31, 2021, as part of the rate shield.
“Therefore, it can set new tariffs at a lower level or even refuse the change proposed by CRE”adds the Regulatory Commission.
Already +4% in February
However, the TRVE have already increased by 4% on February 1st.
“Even added to the increase of 4% including tax made on February 1, 2022, the proposed increase of 3.89% including tax remains moderate compared to CRE’s proposal of +44% including tax, i.e. +35% including tax, made in January last”however, judges the CRE.