Electricity

Increase of electricity price in France

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There is an increase of electricity price at 2.5%, indeed this rise will be applied on the 1st of November in France.

Besides, 28 million households serviced by EDF (French Electricity Group) will be affected by this increase. It applies by a rise of 1.6% by the new way of calculation, added to that a rise of 0.9% for a catch up of cost. Therefore, the increase was defined by the new law which was published in “Le Journal Officiel”, and it comes just after the stop of cost at 5% made on the 1st of August.

The rise is due to the new method of calculation and adjustment of the cost “by accumulation” which fixes the price by addition of the cost of the various sectors, adding the price of electricity. This new method of calculation, has been adopted to keep the purchasing power of the consumers. However, this rise of cost has to compensate the lack that EDF has suffered in 2012 and 2013.

Moreover, this law fixes also an evolution on the 1st November of the regulated cost of electricity. Indeed, the basic rate will decrease by 0.7%, while the professionals and big consumers of electricity will pay 2.5% and 3.7% more respectively.

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Shanon Clotilde IEJ 1B