EconomyThe regulated gas tariff will increase by 8.7% in...

The regulated gas tariff will increase by 8.7% in September

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New increase in sight for gas consuming households. The regulated sales tariff (TRV) of natural gas sold by Engie will increase by 8.7% (or 7.9% including tax) on September 1, due in particular to the rise in world prices, the regulator announced on Friday.

This increase, in line with the trend of recent months, will be 2.7% for customers using gas for cooking, 5.5% for those who have dual use, cooking and hot water, and 9% for those who use gas for cooking. gas-heated homes, said the Energy Regulatory Commission (CRE) in a press release.

Very tight LNG market

“This unprecedented increase is observed in all European and Asian countries. It is explained by the global economic recovery observed for several months and by the sharp increase in gas prices on the world market due to an exceptional context ”, explains CRE.

Very tight LNG market, with Asian prices continuously rising, European storage levels at their lowest for years and to be quickly replenished for the winter, infrastructure maintenance problems (Nord Stream, Yamal) are all detailed factors by the regulator.

Since January 1, 2019, the regulated prices for the sale of gas HT of Engie have increased by 15.8%, and by 16.7% since January 1, 2015. They had experienced a period of decline during the crisis.

Regulated gas sales tariffs will cease on July 1, 2023. About 2.8 million residential consumers out of a total of 10.7 million (or 26%), now hold a TRV contract with Engie .

Among the 7.6 million residential consumers with a market offer contract, around 5.5 million have subscribed to a fixed price offer and are therefore not affected by the monthly changes in the regulated tariff.

Source

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