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4mo ago

France to Cut Electricity Subscription Fees by 5% From Feb. 1

The government is using a regulatory cut to a surplus pension levy to deliver quick relief ahead of a wider electrification plan.

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Grâce à la réduction de la contribution tarifaire d'approvisionnement annoncée par le gouvernement, les Français vont connaître, à partir de février, une baisse de 5% sur leur facture d'électricité.
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Une personne règle son thermostat afin de contrôler la température et limiter sa facture d'électricité, à Auterive (Gers), le 8 février 2023.

Overview

  • A 25% reduction in the Contribution tarifaire d’acheminement will return €540 million to consumers, lowering the subscription line on all contracts.
  • Households are set to save about €10–12 per year on average, with some professionals such as bakers saving up to roughly €200 per year.
  • Officials say the change has no impact on state finances because the levy funds an electricity and gas workers’ pension scheme that is currently in surplus.
  • The cut takes effect after consultations with the CSE, CRE and the industry committee and publication of an implementing order in the Journal officiel.
  • Despite the subscription cut, bills in February are expected to be broadly stable due to other cost components, as the new VNU market framework beds in and regulators signal limited net change.