The Energy Regulation Commission (CRE) indicated on Wednesday January 19 that, without the intervention of the State, which has promised to limit the next increase to 4%, the regulated electricity tariff would have increased by 44.5% for individuals on 1er February.
“An increase of 4% including tax on average in the TRVE [tarif réglementé, NDLR] will represent an increase of approximately EUR 38/year on the bill of a residential customer and of approximately EUR 60/year for a professional customer. In the absence of measures, the increase would be 330 EUR/year for a residential customer and 540 EUR/year for a professional customer”, specifies the regulator.
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At the end of September, Prime Minister Jean Castex announced “tariff shield” on energy with, in particular, a 4% limit on the increase in regulated electricity tariffs in 2022. The measure ultimately proved to be more complicated and costly than expected to implement.
Towards a catch-up in 2023?
The State will first reduce the internal tax on final electricity consumption (TICFE) to a minimum, a measure which alone will reduce the increase in TRVE to 20.04% including tax for households.
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To get down to the promised 4%, the government has just forced EDF to sell more of its nuclear electricity at low cost under the mechanism called Arenh (“regulated access to historical nuclear electricity”). An additional 20 TWh will thus be sold to EDF’s competitors at discounted prices compared to current market prices.
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“Once the taxation has been reduced and the volumes of ARENH made available, CRE will assess the possible catch-up to be carried out in 2023 on the TRVEs, the level of which will depend on the market prices in 2022 and any measures that will be taken”, indicates the regulator.