Energy providers are considering price increases of between 80 and 110% in September and October. To protect yourself, there is a simple and free solution. We explain to you.
If no one today can predict the future in terms of energy, great opportunities lie ahead for some homes. In fact, the government’s price shield, which regulates gas prices and caps electricity prices at 4% by the end of the year, does not protect all consumers. Despite this unprecedented decision, the price of electricity and gas -both are linked- in the wholesale market continues to rise, pushing some providers take drastic measures.
Increased monthly payments, termination of contracts arriving randomly, activation of new contracts postponed to 2023 are so many threats weighing down the arrival of winter. Some of the French clients, some 10,000, by Iberdrola therefore, they were invited by mail to buy elsewhere due to a two or threefold increase in prices at the end of their contract. They must make a decision to continue benefiting from regulated rates with other providers, advises Iberdrola. But the Spanish provider is not the only one giving bad news.
A deposit of 500 euros
the provider Ohm gives you an increase in +84% compared to the regulated electricity rate (TRV) as of September 1, 2022. It is also tightening its subscription conditions… now it is only possible from April 2023. It also states a deposit of 500 euros certain customers to keep their contract active, according to the comparator HelloWatt. Those who reject direct debit and prefer to pay upon receipt of the invoice are specially targeted.
the mint supplier communicated a price increase of 111% as of October 1, 2022 for its Classic, Online and Smart offers. A client explained on LinkedIn that she had received an electricity letter announcing the passage of her monthly bill of 30,336 euros. An increase of 1020%.
Iberdrola and Ohm were summoned to explain themselves before the president of the Energy Regulation Commission (CRE) Emmanuelle Wargon and before the energy mediator, Olivier Challan Belval. Ohm Special Announcement justify their very attractive offers last June (-11% compared to the regulated price) and that today have earned numerous referrals to the mediator. In this context, how can consumers avoid an increase in their energy bill?
The regulated rate protects customers, for the moment
This day, The EDF regulated tariff, also called the blue tariff, is the best consumer protection, even if there are some slightly more advantageous offers. At least while the tariff shield is in force.
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In France, 12 million households out of a total of 33 million have chosen not to participate in EDF’s regulated electricity sales tariff for more attractive market offers from the financial point of view. Some remain indexed to regulated rates and benefit from the 4% increase cap. but others indices in the wholesale market, experience strong increases. It is these, with a variable price (unlike fixed offers whose price remains unchanged for 12, 24 or 36 months), which are offered by Iberdrola, Mint, Ohm or others.
Last spring, the consumer defense association CLCV took electricity providers ekWateur, GreenYellow (Cdiscount), Mint Energy and Ovo Energy to court for business practices deemed deceptive. Among the offenses, the fact of transforming, without the explicit consent of the client, an offer indexed to the regulated sale price into an offer indexed to the fluctuations of the wholesale market. The association advocates a return to EDF TRVs for all French customers and an end to market offers that have never found their place.
Return to the paid price is free
Therefore, to avoid unpleasant surprises, the CRE and the energy mediator advise consumers to carefully read the communications sent by their supplier (email, postal mail, etc.) when price increases are scheduled. Especially since it’s easy to escape. The energy mediator also points out that it is possible at any time, free of charge and without interruption, to return to EDF’s regulated electricity rate or to a competing offer indexed to the blue rate. A safeguard that no longer exists for gas, whose TRVs disappear on July 1, 2023.
How much do the French pay for electricity?
According to the latest observatory of the retail market for the 1st quarter of 2022 of the Energy Regulation Commission, a The typical Base EDF customer, consuming 2,400 kWh per year, pays €554 per year for electricity. This represents 62 euros more than in July 2020. For its part, a typical client at peak hours/night, with a consumption of 8,500 kWh per year, must pay 1,604 eurosthat is, 100 euros more than in July 2020.
if you have difficulty paying your bills, remember to ask the provider to spread it. You can also check if the contract is adequate and see if you are eligible for the energy check.
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