The French government has decided to raise regulated household electricity prices by 10% starting from August, a government official said on Tuesday, confirming a report from newspaper Les Echos.
France also saw record-low nuclear output as state-owned utility EDF (EDF.PA) repairs reactors affected by stress corrosion.
This is the reason for the increase, but also the 10% they announced is way less than the French energy commission recommended as well. They were recommending a 74.5% increase.
This is the reason for the increase, but also the 10% they announced is way less than the French energy commission recommended as well. They were recommending a 74.5% increase.