Government’s Commitment to Limit Electricity Price Increases to 10% in 2024

2023-09-15 06:49:00

This Friday, September 15, the Minister of Energy Transition Agnès Pannier-Runacher demonstrated the government’s desire not to suffer an increase of more than 10% in electricity prices in 2024.

The price of electricity in France will not increase by more than 10% over the whole of 2024, Minister of Energy Transition Agnès Pannier-Runacher assured this Friday, September 15.

A gradual exit from the tariff shield

“We will gradually remove this energy shield, but (…) the price of electricity will not increase by more than 10% on February 1 and over the whole of 2024,” declared Agnès Pannier. Runacher to Europe 1.

The government increased electricity prices by 10% on August 1 as part of a gradual exit from the “tariff shield” put in place to limit increases due to the European energy crisis, once morest a backdrop of war in Ukraine and low availability of the French nuclear fleet.

The increase had previously been capped at 15% on February 1, 2023 when, according to calculations by the Energy Regulatory Commission, they should have jumped by 99% by this deadline.

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