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yesterday

France to Cut Electricity Subscription Prices on Feb. 1 as Government Lowers CTA

Officials cast the CTA cut as modest relief preceding a wider electrification plan.

Une personne règle son thermostat afin de contrôler la température et limiter sa facture d'électricité, à Auterive (Gers), le 8 février 2023.
Le prix de l'abonnement des contrats d'électricité va baisser au 1er février, annonce le premier ministre

Overview

  • The cut comes from a 25% reduction in the Contribution tarifaire d’acheminement, with the government estimating €540 million returned to purchasing power.
  • Subscriptions will decline by about 5% on average, translating to roughly €10 per household per year and up to €200 for some professionals such as bakers.
  • Prime Minister Sébastien Lecornu relayed the change on X after Economy Minister Roland Lescure announced the CTA move in an interview.
  • Lescure said the measure is not a revolution in energy pricing, describing it as immediate but limited relief.
  • The change requires consultation with the Higher Energy Council and the energy regulator before an order in the Official Journal, and officials say it will not affect the state budget or the sector’s pension fund financed by the CTA.