Electricity Bills Drop by 15% for Millions in France Starting February 1

The first significant reduction in regulated electricity tariffs in a decade comes as the energy market stabilizes, though tax and delivery costs rise.

• Around 24 million residents on regulated tariffs will see electricity prices decrease by an average of 15%, with variations depending on specific plans.
• The reduction follows a sharp decline in wholesale electricity prices, offsetting increases in taxes and delivery fees.
• Customers on EDF's 'Base' tariff will experience a 14.5% drop, while those on peak/off-peak plans could save up to €651 annually for a family of four.
• Non-regulated market customers have already benefited from lower wholesale prices, though their advantage over regulated tariffs is narrowing.
• The end of France's energy price shield marks this decrease, but it does not fully counterbalance the 44% rise in electricity costs over the past two years.

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Sud Ouest Le Nouvel Obs Le Figaro