France Comes to the Rescue of Households With High Energy Bills
France has come to the rescue of households and small businesses because of the sharp rise in energy prices.
The French government will limit the expected increase in natural gas and electricity prices to 15 percent early next year and will introduce more measures to counteract excessive price increases. That said Prime Minister Elisabeth Borne on Wednesday.
After Russia invaded Ukraine, France already regulated the price increases. Paris also introduced a tax rebate on fuels.
The price caps will apply to households and small businesses. In addition, so-called “energy checks” of 100 to 200 euros will be distributed to some 12 million lower-income households to help with heating bills in the winter, Borne said.