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The keys to understanding why electricity prices are rising

2022-01-21T05:13:31.584Z


DECRYPTION - Electricity is trading more and more expensive on the markets but the government should manage to limit the rise in prices to 4% on February 1, as it had promised. Before an inevitable catch-up?


Price escalation

If they fell in 2020 with the health crisis which shut down part of the economy, electricity prices have soared in 2021, especially since September. The first victims of this increase were private individuals who subscribed to a market offer with EDF or with an alternative supplier; and industrialists buying their electricity directly on the wholesale market. Faced with soaring electricity bills, some companies - the most energy-consuming - have had to stop production, particularly in the metallurgy sector. For households at EDF's regulated Blue tariff (i.e. 70% of subscribers), the increase, which occurs in January and July of each year, was announced at 35% on February 1. This is much more than the 12% on which the government was counting in September.Unthinkable when the French are already seeing their purchasing power eroded by inflation, which is driving up the price of many products in the…

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Source: lefigaro

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