Less than a week before the entry into force of a new increase in electricity limited to 10%, the president of the Energy Regulatory Commission, Emmanuel Worgan, reassures that although this revaluation is causing people to gnash their teeth, prices will generally be oriented towards this. Year 2024, like year 2025, on the decline.
The President of the Energy Regulatory Commission (CRE), Emmanuelle Worgan, gave her perspectives on the evolution of electricity prices in the medium and long term, on Tuesday, January 23, when she was a guest on the show. Good evening businesscontinued BFM Business. Rather reassuringly, she talked about the entry into force of the new increase in electricity, which will take place from February 1. By reducing this revaluation, limited to 10% during the year, mainly due to the tax decision, Emmanuel Worgan urged in favor of a medium-term perspective, highlighting a general downward trend for the current year and also for 2025.
Electricity prices trend downwards despite increase
“We are in a period where we expect prices to soften”, she said. Turn later “Today the wholesale markets are around 80-90 euros per MWh and we have even lower prices than in Germany”, she added. Better still, Emmanuel Worgan believes that based on market development, “We are likely to reach prices below 70 euros per MWh at some point”Although it reserves the right to anticipate any long-term perspective.
“No one knows how prices will move in the next 15 years”, decides the president of CRE. Here, she refers to the reference price agreed between EDF and the state, which will apply after 2025, the date on which the mechanism of regulated access to historical nuclear power will cease. A future for which CRE is considering putting safeguards in place to guarantee consumer safety in the new system.
Peak-of-peak rates will not be less beneficial
But while waiting for it, and instead of fixing on this financial revaluation, Emmanuel Worgan is putting for it access to this current, synonymous, customers with opportunities on the electricity market. “It will be time to see if the market offers more attractive offers for consumers”, she estimated. In passing, she suggested that contrary to what is being reported, peak hour – off-peak hour rates may not be less beneficial than basic rates, despite the huge increase of 9.8% compared to 8.6%.
“After this increase, the peak/off-peak rate comes to 27 cents per kWh and the base rate to 31 cents. This is interesting if you have at least 30% of your consumption during off-peak hours or a hot water tank that operates during off-peak hours., she explained. Especially because as part of the dialogue between CRE and distributor Enedis, these different time slots are expected to develop in favor of the customer.
