Gas bills to rise by over 11% in France in July
For households that use gas for heating, cooking or hot water, bills will go up again in July as regulators increase tariffs.
Starting on July 1st, gas bills will increase for the 10.5 million households in France which either heat with gas or use it for cooking and hot water.
France's energy regulatory commission (Commission de régulation de l'énergie, or CRE) announced on Monday that the estimated increase for the benchmark price in June to July would be 11.7 percent.
The price increase is related general market trends, but it also has to do with French consumption of gas dropping.
"We are witnessing the gradual exit from fossil fuels, with some consumers switching to electricity. In the meantime, those who remain on gas are fewer in number, but they must bear the costs," Jacques Percebois, an economist with a speciality in energy, told Ouest France.
In France, the price one pays for gas includes the cost per kilowatt of consumption, taxes and the cost of delivery, with the base rate set by the regulator.
How much will my bills increase by?
The average household in France consumes 1,123kWh of gas per month, giving them a current monthly bill of around €124.
With the price increase, this bill will go up by about €14.80, with a little over half of that owing to the cost of distribution and about a third due to the increase in prices on wholesale markets, according to Ouest France's calculations.
For those only using gas for cooking and hot water, the average monthly bill would go up from €20 to €23.30 a year.
Ultimately, the exact amount your bill will go up by will depend on your supplier, although companies tend to have broadly similar tariffs.
Will the cost keep going up?
Experts expect the benchmark price to increase again by approximately 10 percent in August. However, it is also worth noting that expected prices dropped between February and June, according to MoneyVox.
Comments
See Also
Starting on July 1st, gas bills will increase for the 10.5 million households in France which either heat with gas or use it for cooking and hot water.
France's energy regulatory commission (Commission de régulation de l'énergie, or CRE) announced on Monday that the estimated increase for the benchmark price in June to July would be 11.7 percent.
The price increase is related general market trends, but it also has to do with French consumption of gas dropping.
"We are witnessing the gradual exit from fossil fuels, with some consumers switching to electricity. In the meantime, those who remain on gas are fewer in number, but they must bear the costs," Jacques Percebois, an economist with a speciality in energy, told Ouest France.
In France, the price one pays for gas includes the cost per kilowatt of consumption, taxes and the cost of delivery, with the base rate set by the regulator.
How much will my bills increase by?
The average household in France consumes 1,123kWh of gas per month, giving them a current monthly bill of around €124.
With the price increase, this bill will go up by about €14.80, with a little over half of that owing to the cost of distribution and about a third due to the increase in prices on wholesale markets, according to Ouest France's calculations.
For those only using gas for cooking and hot water, the average monthly bill would go up from €20 to €23.30 a year.
Ultimately, the exact amount your bill will go up by will depend on your supplier, although companies tend to have broadly similar tariffs.
Will the cost keep going up?
Experts expect the benchmark price to increase again by approximately 10 percent in August. However, it is also worth noting that expected prices dropped between February and June, according to MoneyVox.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.