French consumers to absorb ‘contained rise’ in energy prices, finance minister says

All French consumers will be protected by forthcoming caps on energy prices, Finance minister Bruno Le Maire said on Monday but he added that households will need to absorb a “small part” of the increased costs themselves.

Le Maire told LCI television the government will present details on the policy, which will include “a contained rise” in gas and power prices for households, in the coming days. The finance ministry currently expects the cost of measures between 2021 and 2023 to come to €67-billion, equivalent to 2.7 per cent of gross domestic product.

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French consumers to absorb ‘contained rise’ in energy prices, finance minister saysFrench Finance Minister Bruno Le Maire said on Monday that households will need to absorb a ‘small part’ of the increased energy costs themselves Bout to get hosed... 😬
Source: globeandmail - 🏆 5. / 92 Read more »