Regulated Gas Prices will (again) Increase on November 1st

The price of gas will increase by 5.79% as of November 1, 2018.

As of November 1st, 2018, the price of gas will increase by more than 5%. Since the beginning of the year, the overall increase has been 16.4%. Will prices continue to flare up?

Hard blow for consumers, especially as winter approaches. After several successive increases (two strong in January and July), the price of gas , applied by Engie, will undergo a new increase of 5.79% excluding tax from November 1st.

In total, since the beginning of the year, the price of gas has increased by 16.4% reveals Le Figaro . 

In details :

  • up 1.9% for those who use gas for cooking
  • up 3.6% for those with dual use cooking and hot water
  • 6% increase for gas fired homes

A stable price for the coming months?

This new pricing is not a coincidence. It results from the increase in the price of raw materials and the evolution of Engie’s supply costs, according to the CRE (Energy Regulatory Commission).

However, in the coming months, there will be no significant increase in the price of gas, ensures the commission.

“The indicative trend for the coming months, however, is stabilizing, based on oil and gas prices in international markets.”

Applied for 70 years by Engie (formerly GDF Suez, regulated tariffs will disappear on July 1, 2023 to comply with European law.The National Assembly gave its authorisation in early October during the review of the Pact Act.

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