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INFO LE FIGARO – A drop of 2.3% on 1 December should soon be announced by the authorities. As of November 1, gas prices applied by Engie (formerly GDF Suez) had soared by 5.4%. Since January 1, the increase in the bill, incorporating the various taxes, is greater than 20%.
Good news for the consumer. After seven months of uninterrupted growth, the curve for regulated gas prices will be narrowing. According to our information, a decrease of 2.3% on 1 December should soon be announced by the government. As of November 1, gas prices applied by Engie (formerly GDF Suez) had soared by 5.4%. Since 1 January, the regulated gas tariffs have taken 16.4% and the increase in the bill, by integrating the different taxes, is greater than 20%. This time, consumers benefit from the – slight – decline in the price of a barrel. In London, Brent is now trading around $ 68 after climbing above $ 87 in early fall.
»READ ALSO – Gas prices soar by more than 16% since the beginning of the year
Currently, some 4.2 million households still subscribe to Engie's regulated tariffs, representing a 40% market share in the domestic gas market. The annual Barometer of the National Energy Ombudsman, published earlier this week, learns that two in three French know that they can compete in gas and electricity and that there is therefore an alternative to regulated tariffs Engie and EDF. This same Barometer points out that one in five French people already claims to have taken action by choosing a supplier other than the two incumbent operators.
Abolition of regulated tariffs in 2023
These figures are encouraging for the development of competition but we must not forget that the liberalization of the energy market for individuals began eleven years ago, in July 2007. In the case of gas, the maintenance of Regulated gas prices are not eternal. After the Conseil d'État has studied the file, it is expected that these tariffs will be abolished by 2023.
»READ ALSO – The gas sector wants to supplant fuel
It is still too early to know whether this dynamic of lower gas prices triggered in December will continue in early 2019. Meanwhile, in the midst of a popular uprising against inflation at the pump, this lull on the front of the gas could bring a little bit of oxygen to the government.
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