EU country braces for electricity tariff hike ...News

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EU country braces for electricity tariff hike
Power prices in France will jump by 10% in August, President Emmanuel Macron has confirmed French President Emmanuel Macron has confirmed that electricity prices for millions of households will rise by 10% from August as the government plans to scrap the tariff shield support program. In an interview with France 2 this week, he called the increase in power prices a “proportionate” decision, linking it to geopolitical tensions and market disruptions. While confirming the end of the tariff shield, Macron stated that “the government will continue to support the most low-income households.” In an effort to shield citi

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