France plans to limit the rise in gas and electricity prices

PARIS, Sep 14 – PRIME. The French government will take action to keep gas and electricity price increases at 15% in 2023, Prime Minister Elisabeth Born said at a press conference on Wednesday.

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“We will limit gas price growth by 15% in January 2023 and by 15% for electricity in February 2023. Price growth by 15% instead of 120% is the task that we are taking on,” the prime minister said.

According to Bourne, the measures will affect all households, social housing and small businesses. Additional assistance will be provided to the poorest families.

“The government will send them special “energy checks” in the amount of 100 or 200 euros by the end of the year. The measure will apply to 12 million households,” she said.

The announced measures will increase the electricity bill by an average of 25 euros per month, and the average gas bill by 20 euros per month. As the prime minister noted, without the government’s restraining measures, the increase in the monthly payment for electricity and gas would have amounted to 200 and 180 euros, respectively.

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In turn, the Minister of Economy and Finance Bruno Le Maire estimated that maintaining the growth in gas and electricity prices at 15% in 2023 will cost France 16 billion euros.

“To be precise, it will cost us 11 billion euros for gas and five billion euros for electricity,” the minister said.

The French government on Wednesday announced new measures to combat rising energy prices after the end of measures taken this year to limit gas and electricity price increases to 4% until the end of December 2022.


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