Electricity rates to rise by 10% on August 1

The French government has announced a 10% increase in regulated electricity tariffs from August 1, marking the gradual end of the tariff shield introduced to reduce bills for French households. This increase, planned from the end of 2021, affects households, craftsmen and small businesses connected to a meter with a power rating of up to 36 kilovoltamps, and is designed to mitigate the impact of rising energy costs. Despite this increase, the tariff shield will continue to cover more than a third of French electricity bills, but the scheme is scheduled to be phased out by 2024 to achieve budget savings.