Create a free Manufacturing.net account to continue

French power bills must rise to cover green costs: CRE

PARIS (Reuters) - A tax paid by French consumers as part of their electricity bills would have to rise 80 percent to cover development of renewable energy, energy regulator CRE said on Tuesday.

PARIS (Reuters) - A tax paid by French consumers as part of their electricity bills would have to rise 80 percent to cover development of renewable energy, energy regulator CRE said on Tuesday.

Renewable energy, which makes up 13 percent of the French energy mix, costs more than traditional sources including nuclear whose use France wants to limit.

The CSPE tax makes up around 8 percent of electricity bills paid by consumers, which is not enough to finance the legally binding purchase of subsidized green energy by electricity suppliers, leading to a deficit.

SOURCE

More