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Finally EDF accepts a gesture to reduce your electricity bill

© Unsplash/Diz Play

This is the decision that many were waiting for: EDF is forced to lower its prices, following an announcement from the CRE. The drop is not necessarily huge, but it marks the beginning, finally, of a certain return to normal. Especially since the European Parliament has just taken up the subject following the vote on a text aimed at protecting the entire continent &amp ;#8220;the consumer facing ongoing injustices” around energy prices.

Enough to support and reinforce a reduction in energy prices that has been hoped for for months. The outbreak of war in Ukraine, the sabotage of Russian pipelines in the North Sea, but also the multiplication of sanctions targeting the energy sector in Russia (very dependent on oil and gas revenues ), partly explains the current situation. Europe's access to fossil fuels had to be completely rethought, with more dependence on certain suppliers deemed safer.

Why your electricity bill is finally starting to return to lower rates

It was also necessary to build new port interfaces very quickly, to allow the more massive import of oil. But also new terminals specifically for liquefied natural gas – imported according to Commission data, in order mainly from Norway, the United States, and North Africa. Russia remains a country from which certain European states still buy energy for lack of any other solution. However, the country's share of imports has fallen considerably in the meantime.

The quantity of LNG imported from countries outside the EU has also fallen, thanks to the efforts of consumers across the entire region. which in turn helps stabilize prices. To date, the largest LNG importers in Europe are France, Spain, the Netherlands, Belgium and Italy. Locally, programs to replace gas with electricity, particularly for heating – in addition to aid to improve the insulation of housing – contribute to reassuring prospects for the coming months.

As for electricity production itself, the accelerated deployment of energy sources; clean energy such as offshore wind, solar or geothermal energy, and the announcement by France, in particular, of the return to the construction of new nuclear power plants reinforces the trend for the coming years. This is why, as early as January, the CRE was already recommending a reduction in regulated tariffs of 0.35%. An outlook which should strengthen for the benefit of your invoices in the coming months. We hope that alternative suppliers who do not sell their energy at regulated prices will follow the latter more or less far.

  • EDF will have to apply a reduction in regulated tariffs following a decision by the CRE.
  • If the expected reduction is modest, it is one of the first in the gender since the outbreak of the war in Ukraine.
  • The prospects of a return to normal are accumulating for the next months, thanks to the chain of positive signals for the sector.

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Teilor Stone

By Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116