New increase in gas prices: + 8.7% from September

The regulated sales tariff (TRV) for natural gas sold by Engie will increase by 8.7% (or 7.9% including tax) on September 1, due in particular to the rise in world prices, the regulator announced on Friday.

This increase will be 2.7% for customers using gas for cooking, 5.5% for those who have dual use, cooking and hot water, and 9% for homes heating with gas, specifies the Energy Regulatory Commission (CRE) in a press release.

CRE publishes the deliberation verifying the compliance of the scale of regulated tariffs for the sale of #gas proposed by #Engie for the month of September 2021.

▶ ️For more information: https://t.co/lkHATyFJgE#CREénergie pic. twitter.com/UAeFA5GFlo

- CRE (@CRE_energie) August 27, 2021

“This unprecedented increase is observed in all European and Asian countries.

It is explained by the global economic recovery observed for several months and by the sharp increase in gas prices on the world market due to an exceptional context ”, explains CRE.

A "very tight" market

“The liquefied natural gas market is very tight, with Asian prices continuously rising, leading to a sharp decrease in supply in Europe,” writes CRE.

13 ships arrived in Europe in July 2021 against 22 in July 2020, specifies the organization.

“European storage levels are at their lowest for years, and must be quickly replenished for the winter,” he continues.

Since January 1, 2019, the regulated tariffs for the sale of HT gas at Engie have increased by 15.8%, and by 16.7% since January 1, 2015.