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Sharp rise in view of electricity prices

2021-07-12T10:58:27.869Z

In the wake of oil prices, wholesale electricity prices are trending upward and could be passed on to consumers.



If the increase in electricity prices should be less than 1% in August, the bill could be much higher in the coming months.

According to information from BFM Business, the bill could increase in early 2022 by around 6%.

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In question, with the economic recovery, wholesale prices on the electricity market are pulled up, like oil.

According to BFM Business, some analysts expect at the end of the year on 100 euros / MWh against 74 euros / MWh currently.

However, this price level could serve as a reference in the price calculation which will be decided next January and applied on February 1, 2022.

For individuals, prices could therefore increase on average by 5% to 6% in 2022 compared to this year.

A few months before the presidential election, this increase could stain and fuel anger.

According to BFM Business, meetings have multiplied in recent weeks between ministerial advisers, Matignon and the Elysee.

"The government remains vigilant about the evolution of prices for consumers" assured the cabinet of Minister Barbara Pompili to BFM.

To limit the increase, several scenarios would be considered: the reduction in the tax on electricity, which weighs on a third of the household bill, and whose objective is to finance subsidies for wind turbines and solar panels. A second, more technical option would be to increase the quantity of electricity that EDF can sell to its competitors (Total, Engie, etc.) at a low price of 42 euros / MWh, i.e. 40% less than current market prices. which would weaken the company's accounts.

Source: leparis

All business articles on 2021-07-12

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