Finally, EDF accepts the gesture to lower your electricity bill

This is the decision many have been waiting for: EDF is forced to cut its prices after the CRE announcement. The drop isn’t necessarily huge, but it does mark the beginning of some sort of return to normal. Especially since the European Parliament was just dealing with this topic after voting on a text aimed at protecting the entire continent “the consumer faces continued injustice” around energy prices.

Enough to support and strengthen the reduction in energy prices that had been hoped for for months. The outbreak of the war in Ukraine, the sabotage of Russian oil pipelines in the North Sea, but also the multiplication of sanctions targeting the energy sector in Russia (highly dependent on oil and gas revenues), partly explains the current situation. Europe’s approach to fossil fuels had to be completely reassessed, with greater reliance on certain suppliers deemed safer.

Why your electricity bill is finally starting to return to lower rates

It was also necessary to build new port interfaces very quickly to allow for more massive oil imports. But also new terminals specifically for liquefied natural gas – imported, according to Commission data, mainly from Norway, the United States and North Africa. Russia remains the country from which some European countries still buy energy because they have no other solution. However, the country’s share of imports has since declined considerably.

The amount of LNG imported from outside the EU has also decreased thanks to consumer efforts across the region – which in turn is helping to stabilize prices. To date, the largest importers of LNG in Europe are France, Spain, the Netherlands, Belgium and Italy. Programs to replace gas with electricity, particularly for heating – in addition to helping to improve home insulation – locally contribute to a comforting outlook for the coming months.

As for electricity generation itself, the accelerated deployment of clean energy sources such as offshore wind, solar or geothermal, and in particular France’s announcement of a return to the construction of new nuclear power plants, reinforces this trend for the coming years. . Already in January, CRE therefore recommended a reduction of regulated tariffs by 0.35%. A prospect that should strengthen in favor of your invoices in the coming months. We hope that alternative suppliers that do not sell their energy at regulated prices will more or less follow the latter.

  • Based on CRE’s decision, EDF will have to apply a reduction in regulated prices.
  • If the expected decline is moderate, it is one of the first of its kind since the outbreak of the war in Ukraine.
  • Prospects for a return to normal are building in the coming months thanks to a series of positive signals for the sector.

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