“Without a tariff shield”, energy prices would double in 2023, according to Le Maire
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“There will be an increase in energy prices in early 2023, but it will be contained and reasonable compared to this worst-case scenario“, all the same recalled the boss of Bercy.
Bruno Le Maire believes that “without the tariff shield”the increase in gas and electricity prices could represent an average of 120 euros per month and per household in 2023, in an interview with Les Echos. “Without the tariff shield, the increase in gas and electricity tariffs would be at least 100% next year! That is an increase of 120 euros on average per month and per household”assures the Minister of the Economy in an interview with Les Echos.
Read alsoFor Bruno Le Maire, “the burden of inflation must be fairly distributed”
“There will be an increase in energy prices in early 2023, but it will be contained and reasonable compared to this worst-case scenario“, he recalls. Elisabeth Borne had promised on Saturday that the executive was not going “not let energy prices explode” for households while the Minister of the Economy had assured that the increase in electricity and gas in 2023 would be “contained”.
“Dampening energy prices”
Once the tariff shield is completed at the end of 2022, “we will keep mechanisms to cushion energy prices“, while prices exploded on the wholesale markets, “and we will take specific measures to support the most vulnerable”, had indicated the Prime Minister in an interview with Parisian / Today in France. The regulated gas tariff was raised last autumn but has since been frozen, while that of electricity increased by 4% in February.
On the wholesale market, prices have exploded. Those of electricity for 2023 broke a record for France last week, reaching more than 1,000 euros per megawatt / hour (MWh), against around 85 euros per MWh a year ago. Gas prices have also exploded in Europe, approaching historic records in recent weeks (345 euros per MWh in session).
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