Bruno Le Maire was the guest of the 20 Hours news on TF1 on Sunday January 21. The Minister of the Economy made announcements relating to the increase in the cost of electricity and its repercussions on household budgets in 2024.
In the midst of a government reshuffle after the appointment of Gabriel Attal as Prime Minister, Bruno Le Maire confirmed Minister of the Economy had addressed a diatribe to a member of the National Rally in the Assembly a few days ago, blaming the party for the inflation which continues in France as in the rest of Europe. “We would not have had a problem soaring electricity and gas prices if your friend Vladimir Putin had not attacked Ukraine”he had asserted.
Households have actually seen their bills soar in recent months, particularly in August 2023 when a 10% increase in the price of electricity was confirmed. Later in November, the Minister of the Economy announced that a further increase would be visible from February 1, 2024, after having reached an agreement with EDF. Bruno Le Maire then promised that it would be less than 10%.
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Other increases planned for 2024?
This is what he wanted to announce in person on Sunday January 21 live on TF1. Guest of the news 20 hoursBruno Le Maire recalled that France had put in place a tariff shield to control the energy crisis triggered in 2021 and confirmed that the electricity bill would indeed increase on February 1 from 8.6% to 9.8% depending on the contracts subscribed to by households. “The electricity bill on peak/off-peak rates will increase by 9.8% on February 1 and on basic rates by 8.6%. That is to say, for 97% of French households the increase will be less than 10%”, he argued. On the other hand, he stressed that the 400,000 individuals subscribed to the option “peak day clearing” would see rates increase by 10.1%.
For the Minister of the Economy Bruno Le Maire, “it’s a difficult decisionbut it is a decision that is necessary to guarantee our capacity to invest in new electricity production capacities and then to definitively exit whatever it costs”. He also stressed that it was the “last increase in this tax for the year 2024”. “The next one will be on February 1, 2025, we will return to the situation which was that before the tariff shield”he finally insisted to the viewers.
In any case, this increase accompanies others which have already made citizens react earlier this year, such as that of the price of a pack of cigarettes, of the price of public transport in the capital in the occasion of the Paris Olympics, highways, or even certain busy tourist sites. The household budget is strongly impacted, but fortunately there are certain tips for containing this inflation…
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