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Gas: Prices Fall by 3.22% in March

Regulated gas tariffs applied by Engie (formerly GDF Suez) to 6.4 million consumers, will fall by an average of 3.22% before tax in March, said Tuesday the Energy Regulatory Commission.

Regulated gas tariffs applied by Engie (formerly GDF Suez) to 6.4 million consumers, will fall by an average of 3.22% before tax in March, said on Tuesday by the Energy Regulatory Commission.

This is the sixth consecutive month of decline in these prices, which fell by an average of 15.4% since 1 January 2015, said French Energy in a statement.

On March 1st, they will fall by 3.3% for households heating is gas, 1.1% for those who use gas for cooking, and 2% for those who have a dual use and cooking Hot water.

Regulated gas tariffs consist of a retail price, which does not include various taxes, but includes the Engie supply costs. They are revised monthly.

According to the regulator, this further decline reflected the downward trend in the cost of supply in a context of low gas prices on the wholesale market in the wake of oil.

“It is explained by the sharp drop in monthly indices of forward gas prices on the wholesale market of the Netherlands (primary index of the tariff formula) and the French market North PEG (gas exchange point Nord), for the month of March 2016 compared to February 2016 “, has he detailed.

Since the opening of the energy market to competition, the 10.6 million French subscribers gas consumers have a choice between regulated tariffs from the former monopoly and market prices, as proposed by Engie by its competitors.

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