By promising to limit the increase in the regulated price of electricity (TRV) to 4% to avoid a surge in individual bills at the start of next year, the Castex government has put its finger in a gear that is driving it much more far than he thought.
To counteract the effect of the unprecedented surge in the markets for consumers, the executive was counting on a reduction in the tax on electricity, the TICFE.
A measure estimated at 5.9 billion euros.
But so are the prices soaring in wholesale markets that even reducing the tax to zero, which would cost $ 8 billion, may not be enough either.
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Faced with this catastrophic scenario, the executive has urgently drawn up a plan B in three stages in recent days.
The first consists in granting oneself the power to unilaterally and exceptionally block the TRV next February during its annual revaluation.
Each year, this is increased by following a legal formula that takes part of the evolution into account.
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