French Government suspends power-tariff increase
15 تموز 2024 14:49
France’s outgoing government suspended power-transmission and distribution tariff increases of almost 5% that were due to start next month, the country’s energy regulator said.
Energy inflation was a contentious issue in this month’s legislative elections, which resulted in no clear majority for a party. The next administration will now have to deal with the regulator’s request for higher tariffs.
France’s energy minister has decided to use a two-month period allowed by law to ask the regulator to reconsider its decision on tariffs, Commission de Regulation de l’Energie said in a statement Monday. That means the increases won’t apply from Aug. 1.
The nation’s grid operator this year said it needs to invest about €100 billion ($109 billion) by 2040 to upgrade the network and connect swaths of renewables capacity as part of the country’s green shift. Power-distribution operator Enedis estimated this year that it would also need to invest €96 billion in the 2022-40 period.
Energy inflation was a contentious issue in this month’s legislative elections, which resulted in no clear majority for a party. The next administration will now have to deal with the regulator’s request for higher tariffs.
France’s energy minister has decided to use a two-month period allowed by law to ask the regulator to reconsider its decision on tariffs, Commission de Regulation de l’Energie said in a statement Monday. That means the increases won’t apply from Aug. 1.
The nation’s grid operator this year said it needs to invest about €100 billion ($109 billion) by 2040 to upgrade the network and connect swaths of renewables capacity as part of the country’s green shift. Power-distribution operator Enedis estimated this year that it would also need to invest €96 billion in the 2022-40 period.