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Frence's CRE increases gas tariffs by 3.25pct from October 1st

Gasoil News - Published on Fri, 28 Sep 2018

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Reuters reported that France's CRE energy market regulator has recommended a 3.25 percent increase in regulated gas tariffs paid by around 4.6 million residential customers in France to Engie, as from October 1st. The CRE, which recommends regulated gas and electricity tariffs to the government for a final decision, said the increase was due to a rise in wholesale European gas prices.

Regulated gas prices are expected to end by 2023 after a decision by France's highest administrative court last year said that those CRE-fixed tariffs hurt competition and were against EU regulations.

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Posted By : Nanda Koijam on Fri, 28 Sep 2018
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