France to halt natural gas & electricity price increases

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10/1/2021- 2:49 p.m.

Le Big Freeze: France to halt natural gas & electricity price increases

The French PM has announced gas prices could surge 30% by 2022, and increase again next spring – but it won’t hit the public in the pocket:

“We will freeze, freeze. There will be no more increases to the gas price,” Jean Castex told broadcaster TF1.

The govt claims it will cover the energy regulator’s 12.6% bump. Electricity prices will also be frozen, but an increase could be necessary in 2022.

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