Consumer credit borrower insurance points the finger, bad news for your electricity bill, poverty threshold… Here are the 3 money news items from Tuesday, November 14.
The news: is your electricity bill likely to rise again?
The State promises stability for consumers’ energy bills after an agreement reached on Tuesday with EDF. This sets out the outlines of a new regulation of the price of electricity. For 15 years, starting in 2026, the agreement sets an average price level around 70 euros per MWh for nuclear electricity. In the event of price creep on the market, any additional revenues earned by EDF would be largely returned to consumers.
According to the government, this agreement will allow consumers to have permanent protection on electricity prices, businesses to preserve their competitiveness advantages, and EDF to guarantee the financing of its future investments, particularly in new nuclear reactors.
An optimism far from being shared by the CLCV. The consumer association denounces this mechanism which should result in a minimum 10% increase in household bills. Explanations.
Today’s investigation: bad practices in consumer credit insurance
If the real estate loan borrower insurance market has benefited from an opening of competition favorable to customers, nothing similar has been done for consumer loan insurance. A market which nevertheless amounts to 2.8 billion euros per yearand which primarily concerns much more modest groups, needing to finance their capital goods or their credit consumption.
Mathieu BRUCKMULLER
After a master’s degree in social law in Rennes and a third cycle in economic and social information at Paris-Dauphine, Mathieu Bruckmller… Read more
MoneyVox / MB / November 2023