An increase in electricity prices, something new for modest salaries, a new rate for the LEP… Here is everything that changes for the finances of the French on February 1, 2024.
Bad news for your electricity bill
The Minister of the Economy Bruno Le Maire announced on Sunday that the electricity bill would increase on February 1 between 8.6% and 9.8% depending on the contracts, in accordance with the government’s commitment to gradually end the tariff shield put in place. place at the end of 2021. Previously, this regulated price had increased by 4% in February 2022, 15% in February 2023 and 10% in August 2023. The total increase over 2 years is therefore of the order of 43-44%.
Electricity prices: no less than 44% in 2 years, unbearable for many French people
The LEP rate falling, the Livret A remains frozen
The rate applicable from February 1 for the popular savings account (LEP) was made official on Monday January 15. It will yield 5% from February 1, compared to 6% currently. A decrease is justified by the decline in inflation. If the rate falls, the future remuneration of the LEP nevertheless remains higher than expected. Its new rate of 5% is the result of rounding up the calculation formula which gave 4.4%.
LEP 5%: here is the gain that awaits you in 2024 thanks to the boost in the rate
No surprise, however, for the rate of the Livret A, since its rate is blocked 3% until February 2025, at least if Bercy’s promise is respected, since inflation will decline. In theory, the Livret A rate will not change in 2024, nor will the LDDS rate or the CEL rate.
Regulated savings rates as of February 1, 2024
- A booklet: 3% (net of tax)
- Crdit Mutuel Blue Booklet: 3% (net)
- Sustainable and Solidarity Development Booklet (LLDS): 3% (net)
- THE P: 5% (net)
- Youth savings account: 3% minimum (net), more if the bank decides
- Company savings account: 2.25% (net)
- Housing savings account (CEL): 2% (gross, interest subject to social security contributions but also income tax on CELs opened since 2018) therefore 1.40% net after taxation
- Housing savings plan (for new PELs opened since January 1, 2024): 2.25% (gross) therefore 1.575% net after deductions
Gas prices falling for consumers
Good news, however, for the price of gas. In mid-January, the Energy Regulatory Commission announced that the benchmark price of gas, the one which replaced the regulated tariff (TRV) as an indication, was falling for the month of February. The price of a kilowatt hour (kWh) therefore continues to decline for the second consecutive month.
Indicative data provided by the Energy Regulatory Commission (CRE)
MoneyVox
Romain DESIGNOLLE
Romain Designolle graduated from the CFPJ in 2017. After experiences in the field of Sports and local news for regional dailies… Read more
MoneyVox / RD / January 2024