France: The CRE publishes the gas supply cost reference

The French Energy Regulatory Commission (CRE) publishes a monthly reference for the cost of gas supply in anticipation of the end of the Regulated Tariffs for the Sale of Gas (TRVG). This reference will allow gas suppliers to calculate their compensation and consumers to better understand the costs of supplying gas.

Share:

The French Energy Regulatory Commission (CRE) has announced the monthly publication of its gas supply cost reference. This decision follows the implementation of the 2023 budget law. The first values of this reference have been published for May 2023 and amount to 44.93€/MWh.

Two functions for this reference

The methods for calculating this reference were described in the deliberation of January 25, 2023 and were approved by the Ministers of the Economy and Energy Transition on April 18, 2023. This reference is representative of the suppliers’ costs and was built in the continuity of the Regulated Gas Sales Tariffs (TRVG) formula.

This supply cost reference has two functions. First, it will allow the calculation of the compensation of gas suppliers for the announced extension of the gas tariff shield in the second half of 2023. Then, suppliers can also choose to use it directly in the construction of their offers previously indexed on the TRVG.

The cost of supply does not correspond to the total cost

It is important to note that the total price paid by a gas end-user includes all the cost components of supplying gas, including gas supply costs and non-supply costs such as transportation, storage and commercial costs. If the tariff shield is extended, the target gas price level defined by joint order of the ministers in charge of the economy, energy and the budget will also have an impact on the final price paid by the consumer.

From mid-May, the CRE will also publish a complete reference price for gas, which will include a subscription price and a price per kilowatt-hour. This indicative reference price will be published every month on the CRE and National Energy Ombudsman websites and will serve as a compass for customers who will be able to compare various supply offers from June onwards.

The Georgia Public Service Commission approves the 2025 Integrated Resource Plan, which includes major investments in generation, storage and the grid to address the strong rise in electricity demand.
Norwegian industrial group Aker ASA achieved a strong surge in its share price in the first half, expanded its diversification into real estate, and executed major transactions despite global energy market volatility.
ADNOC announces the transfer of 24.9% of its shares in OMV to its subsidiary XRG, continuing the streamlining of its international assets and preparing the creation of Borouge Group International.
The SMI China Forum brings together international and Chinese leaders for dialogue on supply chains, investment and energy innovation, marking a major step in public-private sector cooperation.
Mining group BHP sees low-emission iron production in Australia as unprofitable, just as Canberra and Beijing announce closer cooperation to decarbonise the global steel industry.
Aker Carbon Capture distributed $162mn in dividends to its shareholders, a direct consequence of significant asset disposals and a substantial restructuring of its balance sheet in the second quarter of 2025.
Equinor ASA acquired 2.1 mn of its own shares on the Oslo Stock Exchange for a total of $201 mn between July 7 and 11, continuing the second phase of its 2025 buyback programme.
Norwegian group Aker Horizons transfers all its activities to a subsidiary of Aker ASA, sells major assets and prepares its new strategy after a half-year net loss of $220mn.
South Texas Electric Cooperative is seeking proposals for the acquisition or purchase of energy for 500 MW of dispatchable capacity, aiming to strengthen long-term supply security in the ERCOT region.
A federal funding package of $16mn aims to accelerate grid modernisation, renewable energy development and carbon capture in Canada’s Maritime provinces.
RTE and Nexans announce the creation of a recycling chain dedicated to aluminium from electrical cables, targeting 600 tonnes annually and covering the entire industrial cycle from collection to production.
Three scientists from China, the United States and Russia are laureates of the 2025 Global Energy Prize, honoured for their work on high-voltage power lines, fuel-cell catalysts and pulsed energy technologies.
Westbridge Renewable Energy enters digital infrastructure market with Fontus, a 380 MW data centre campus in Colorado, positioned to meet strong growth in US cloud and artificial intelligence services.
Offshore drilling company Borr Drilling Limited announced the completion of an initial tranche issuance of 30 million ordinary shares out of the planned 50 million, raising $61.5mn towards the total goal of $102.5mn.
EDF announces a new internal organization with key executive appointments to enhance decision-making efficiency and expedite the revival of nuclear and hydroelectric projects central to its industrial strategy.
Rubis announces half-year results of its liquidity agreement managed by Exane BNP Paribas, totalling 241,328 shares exchanged for an aggregate amount of €6.5mn in the first half of 2025.
Chinese oil giant CNOOC Limited appoints Zhang Chuanjiang as chairman, entrusting this experienced engineer to head the group's board of directors, strategic committee, and sustainability committee from July 8.
PTT Oil and Retail Business announces a 46% increase in net profit for the first quarter of 2025, driven by regional expansion in its energy and non-energy activities, alongside an integrated ESG strategy.
Shell revises downward its forecasts for the second quarter of 2025, anticipating notably a decline in Integrated Gas and Upstream segments, impacted by reduced volumes and lower profitability in several major activities.
The Luxembourg-based group will handle engineering, procurement, commissioning and installation of flexible pipelines and umbilicals to link a new field to Egypt’s existing offshore infrastructure, with offshore work scheduled for 2026.