Gas: new increase of 5.8% coming for French households, in the wake of the conflict in the Middle East

As social movements regarding purchasing power intensify, gas prices are set to rise by 5.8% on December 1, impacting average bills by 16 euros. This increase affects households with contracts linked to the benchmark price, while those with fixed contracts are insulated unless their contracts expire. The average price of megawatt-hours has surged by 50% since January, influenced by reduced supply due to geopolitical tensions in the Middle East, particularly affecting liquefied natural gas exports. Emmanuelle Wargon, president of the CRE, highlights the challenges in gas exportation from Qatar, leading to increased demand and prices.