Condominiums finally protected from Customs Shield

The gas price tag had a big hole in it. Announced by Jean Castex in late September to stem a firecracker in energy prices, the device will freeze regulated tariffs at October 2021 levels. Originally it was intended to apply to subscribers to Engie’s regulated tariffs and local distribution companies…

The gas price tag had a big hole in it. Announced by Jean Castex in late September to stem a fire in energy prices, the device will freeze regulated tariffs at October 2021 levels. It was originally intended to apply to subscribers to Engie’s regulated tariffs and local distribution companies, such as Gaz de Bordeaux. It also affected customers with market offers indexed to regulated tariffs – from different providers – and small condominiums.

On the other hand, a large part of collective housing was not protected. In mid-February, the government vowed to remedy the situation for the five million households living in large condominiums, public gas-fired housing, college dormitories or homes connected to gas-fired grids. The austerity decree was issued on April 10th. This means that the taxes that have risen since autumn can be made up for.

2 – Suppliers must make the request

“The subsidy is paid by the state to the energy suppliers, who have to apply for it and pass it on to their customers. A first aid application for the months of November 2021 to February 2022 can be submitted by 1 January 2021ah May,” states the Ministry of Ecological Transition. A second application is admissible before 1ah October. “The aid will be paid by the state within 30 days of the suppliers’ application. They must repay it in full to their customers no later than thirty days after receipt,” specify the services of Barbara Pompili.

Homeowners’ associations and organizations that manage collective housing have a keen interest in contacting their energy suppliers. Residents don’t have to do anything. The game is worth the candle. According to the French Energy Regulatory Commission (CRE), gas prices will increase on June 1stah next May without the protection of the Customs Shield…

3 – By the end of the year

Contrary to initial forecasts, the European gas market is caught in an inflationary spiral that does not spare electricity – the French grid is connected to that of its neighbors, which also includes gas-fired power plants for electricity generation. The outbreak of war devastating Ukraine completely shook the situation. European countries now want to get rid of Russian gas, which accounts for about 40% of their consumption. This shift requires finding other resources, in Norway, Algeria or even further afield in the form of LPG, which is more expensive.

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