As energy prices have spiralled across Europe following the Russian invasion of Ukraine and ensuing sanctions, French households have largely been protected from increasing bills. The government’s bouclier tarifaire (price shield) has frozen gas prices and capped and electricity price rises at four percent.
The current freeze is in place until the end of June, but Emmanuel Macron’s government has already said that this will be extended, with the extension formalised after the parliamentary elections in June. In a press briefing on Monday, Economy minister Bruno Le Maire said the price freeze will be in place at least until the end of 2022. Looking ahead to 2023 he did not commit to continuing the price freeze, but said that the French government would “continue to protect consumers from price hikes, especially lower-income households”.