2023-06-21 19:23:25
Finally some good news on the energy front. The drop in the price of gas for individuals should be on average 15 to 19% on July 1, 2023 compared to the June level, according to the estimate of the Energy Regulation Commission (CRE), which has just publish its “benchmark price”.
With the end of the regulated gas sales tariff (TRV) on July 1, it will now be the new market reference, varying according to the supply costs of the various suppliers and revised every month. The decline expected in July is thus explained by the fall in gas prices on the wholesale market, halved since the start of the year. Subscribers who have opted for a fixed price offer will have to wait a bit.
Switching to a new “Gateway” contract
Suppliers offering offers indexed to the TRV will therefore now be based on this benchmark price. The 2.3 million households still at the “tariff” and who have decided not to switch to the market offer will be automatically switched to Engie’s new “Passerelle” contract. It is very similar to TRV, but the price of the gas molecule could be a little more expensive, in particular because it includes 5% biomethane.
“Contractual security will also be a little less strong for consumers than under TRV. Because if they leave Passerelle, they won’t be able to come back.”underlines François Carlier, the president of the association of consumers CLCV.
Price volatility remains high
The end of the regulated tariff thus signals the end of the tariff shield on gas, with a price freeze since October 2021, apart from the 15% increase in January 2023. The government nevertheless retains the possibility of intervening in the event of a new energy crisis.
Price volatility remains high. The megawatt hour of gas has fallen sharply since last autumn, falling from 140 to 24 € at the start of June. But since then, the price has almost climbed by 50%, after the announcement of technical problems at liquefaction plants in Norway, which supplies a quarter of European gas. The markets remain nervous and prices for delivery in 2024 are still around €55/MWh, or 3.5 times their pre-crisis level.
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