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Gas: Engie's regulated tariffs increase by 1.1% in May, as a result of the blockage of the Suez Canal

2021-04-28T04:53:50.890Z


This tax-free increase is 0.3% for customers who use gas for cooking, 0.7% for those who have dual use, cooking


Bad news for purchasing power.

The regulated gas sales tariffs applied by Engie will increase by 1.1% on May 1, a consequence of the rise in world prices, following in particular the blockage of the Suez Canal, the regulator announced on Monday.

This tax-free increase is “0.3% for customers who use gas for cooking, 0.7% for those who have dual use, cooking and hot water, and 1.2% for households which are heated with gas, ”explains the Energy Regulatory Commission.

Read alsoSuez Canal traffic jam: the story of a week that shook the markets

This increase is explained in particular by the rise in the prices of liquefied natural gas (LNG) "following strong demand in China and India and by the blockage of the Suez Canal at the end of March through which 8% of the world's LNG passes", indicates CRE in a press release.

Low gas stocks due to the persistent cold

She also notes that the level of European gas storage is lower than usual at this time of year: “They were heavily strained by a cold winter that continues, with temperatures below seasonal standards in April. ".

Regulated gas sales tariffs will disappear on July 1, 2023 and Engie has already ceased to market new contracts of this type.

But nearly 3 million households still subscribed to it at the end of March.

VIDEO.

Suez Canal: traffic resumes after relaunching the container ship Ever Given

From March 23 to 29, the immense container ship Ever Given, 400 meters long, blocked the Suez Canal, thus blocking traffic on one of the largest maritime trade routes. In total, more than 400 ships, loaded with goods, oil or even cattle, were stranded at both ends of the canal and in the Great Amer Lake, a salt lake in the middle of it. The insurer Allianz had estimated that each day of immobilization could cost between six and 10 billion dollars to the world trade.

Source: leparis

All business articles on 2021-04-28

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