Electricity prices to rise from 8.6% to 9.8% on February 1, Bruno Le Maire announced

Bruno Le Maire, economy minister, leaves the ministerial conference in Paris, Wednesday January 18.

Electricity prices will rise from 8.6% to 9.8% on February 1, announced Economy Minister Bruno Le Maire, guest of the 8pm news on TF1 on Sunday, January 21. “Electricity bill at peak/off-peak rates will increase by 9.8% on 1er February and at a base rate of 8.6%. This means that for 97% of French households the increase will be below 10%”.He revealed on the set of “8 pm” on TF1.

The increase is the result of the gradual end of the Energy Shield, launched by the government in autumn 2021 to limit rises in electricity and gas prices. The minister spoke about the decision on Sunday evening “tough” justified by will “Get out of whatever it takes” and maintaining public fiscal balance. “We’re getting back to normal”He assured.

An increase of over 40% in two years

The government was committed to ensure that the review of regulated electricity rates, which takes place every year on 1er February and 1er August, this time is limited to a maximum increase of 10%. Earlier, this regulated tariff was increased by 4% in February 2022, 15% in February 2023 and 10% in August 2023. So the total increase in two years is 43% to 44%.

“This is the last increase in this tax for the year 2024. Next will be on 1er February 2025, we will be back to the situation that existed before the tariff shield,” Bruno Le Maire added.

Also Read | Articles are reserved for our subscribers The electricity price hike planned for February was condemned by the opposition


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