The executive’s scenarios in the face of soaring energy prices

by time news
The entry into the war of the world’s third largest oil producer, Russia, caused a surge in the price of a barrel. Didier Forray/SAGAPHOTO

DECRYPTION – While gas and electricity prices are expected to be very high in 2023, households will still be protected by the state, but to a lesser extent. Aid for the most modest will be reinforced.

Unlike many of their European neighbours, the majority of French people do not feel the historical energy crisis that the Old Continent is going through is passing – for the moment. The price of gas on the European wholesale market broke a new record on Wednesday, exceeding 300 euros per megawatt hour. French households have not seen their prices change since last October thanks to the price freeze decreed by the government. The price of electricity for the fourth quarter of 2022 has, for its part, jumped by more than 400% since the start of the year. Individuals at EDF’s regulated sales tariff (TRV) only suffered a 4% increase in their bill – those subscribing to alternative suppliers, however, were able to see their rating jump.

The surge in prices is not about to stop. “The prices continue to go up in a crazy way for the next year but also for the following yearsexplains Julien Teddé, co-founder of the broker Opéra Énergie. We project ourselves into a post-crisis world…

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