French gas 12 percent more expensive, but government is holding back further increase

France is curbing the rise in gas prices for the coming months, Prime Minister Castex has announced. The price of gas in France is rising by more than 12 percent today, then the price remains the same until tariffs fall again. This is presumably happening in March or April, when gas demand falls again.

However, prices are not falling for French consumers at that time. It will keep paying much the same as it is now. In this way, the government partly calculates the decline to consumers. This allows the freezing of the prices today to be paid. However, whether it really does, depends on who wins the April presidential election.

โ€œWe set up a tariff shield,โ€ Castex said on French television. โ€œWe‘re going to protect ourselves from these price increases.โ€ The Prime Minister promised to support gas suppliers where needed.

The price of electricity is also limited. The load on power is lowered. The price of power should not go up until February, by up to 4 percent.

Two weeks ago, the French government announced that it is transferring โ‚ฌ100 once to the 5.8 million French households receiving energy vouchers, which help pay the energy bills. Castex says the government does not rule out further action.

The price of gas has risen sharply in recent months, including a decrease in gas resources, the closure of coal and nuclear power plants, the reduced supply of gas from Russia and the increased demand for gas from Asia. In France, the price of gas rose by more than 50% at the beginning of this year, and electricity prices would rise significantly next year.

Also in the Netherlands?

When asked whether gas prices are being curbed in the Netherlands, Minister Blok replied this morning that the cabinet is โ€œkeeping a finger on the pulseโ€. He pointed out that last week at the General Reflections in the House of Representatives, EUR 500 million was allocated to reduce energy taxes for consumers and small and medium-sized enterprises.

โ€œThat’s a huge amount of money. We now need to look at how gas prices are developing,โ€ said the demissionary minister for economic affairs.