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An energy "whatever it takes"

2022-01-14T18:41:10.708Z

DECRYPTION - When it announced the tariff shield measures, the government thought it was clipping a 12% increase in tariffs; it must compensate for a 35% surge.



The energy crisis is affecting the whole world, but in no other major country has it so far provoked such a powerful government response as in France.

Energy check, freezing of gas prices, inflation compensation, capping the rise in electricity bills at 4% until February 2023: the government's tariff shield exceeds 20 billion euros.

This is double the unit of account - the ten billion - inaugurated at the time of the "yellow vests".

Read also

Electricity: how the executive wants to divide the increase by ten

The surge in energy prices is accompanied by an inflationary surge which affects other constrained expenditure, notably food.

Less than three months before the presidential election, the executive could therefore only keep, at all costs, the promise made by Jean Castex to contain the rise in electricity bills to 4%.

This commitment dates back to September 30.

At the time, the energy crisis was shaping up, or so it was hoped, to be shorter and shallower than it actually is.

The government…

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Source: lefigaro

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