DECRYPTION – The French situation is unprecedented in the face of soaring electricity and gas prices.
It is an earthquake similar to the oil shocks of the 1970s. The prices of electricity and gas are literally soaring on the markets in Europe and France. The price of gas has jumped 355% since the start of the crisis. That of electricity has been multiplied by five.
The explanation, for the rest of Europe, is simple: it lacks gas. As a result, the price of the molecule, used to produce kilowatt hours in power plants, drives that of electricity in its mad dash. Not to mention that the price per tonne of CO2which polluting gas or coal-fired power stations must pay, has also broken historic records and has quadrupled in two years.
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“The French consumer finds it difficult to understand why the price of electricity is rising so much, while France uses little gas to produce its electricity (about 6 to 7% against nearly 70% for nuclear and 12% for hydraulics)write in a note published by Confrontations…
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