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Engie’s gas tariffs will reach from September 1 8.7% excluding tax, or 7.9% including tax, the Energy Regulatory Commission (CRE) announced on Friday, explaining the fact by the global economic recovery. and the sharp increase in the price of gas on the international market.

The gas bill may be steep next month. In addition to the gradual installation of the cold season, the regulated tariffs of Engie will soar on average by 8.7% excluding tax or 7.9% including tax, according to data cited on August 27 by the Regulation Commission of the energy (CRE).

More specifically, the increase will be 2.7% for those who use gas for cooking, 5.5% for dual-use fireplaces (cooking and hot water) and 9.0% for families who heat themselves. gas, details CRE in a press release.

CRE itself notes that this is an increase “of unprecedented magnitude”, but affirms that it is observed in all European and Asian countries.

The factors mentioned are the rise in Asian prices as well as European storage levels, at their lowest in years.

Since January 1, 2019, Engie’s regulated gas sales tariffs have increased by 15.8%, the figure rising to 16.7% since January 1, 2015, further indicates the press release which specifies that these arrangements will disappear. July 1, 2023.

As of June 30, 2021, approximately 2.8 million residential consumers out of a total of 10.7 million, or 26%, hold a regulated price contract for the sale of natural gas with Engie in France.

Meanwhile, Russian giant Gazprom has ceased gas sales for 2022 on its electronic platform after German justice released its decision on the Nord Stream 2 project, according to the Bloomberg news agency. Thus, the court refused to exempt the gas pipeline from the standards of the European Union gas directive – the rules of which require the separation of the gas producer and its carrier -, which could have repercussions on the implementation deadlines. pipeline service.

Blue gold has been trading on European platforms at historic highs lately, a gas market analyst at Refinitiv, part of the London Stock Exchange Group, told Sputnik. One of the factors is the low level of reserves in warehouses in northwestern Europe and the uncertainty regarding Russian deliveries and the timing of the entry into service of Nord Stream 2.

Currently, gas reserves stored in this region are at their lowest – around 58%. The previous minimum, of 69%, was recorded during the same period in 2018, while last year the figure was 90%, she recalled.

Last April, giant Gazprom said in a statement that the operator of the eponymous pipeline, Nord Stream AG, reliably supplied natural gas to European consumers and ensured full compliance with all transport demands since commissioning. of driving. In 2018, 2019 and 2020, Nord Stream enabled the delivery of gas in volumes greater than its design capacity.

On April 19, 2021, the group recorded a record for the supply of natural gas to European consumers through its pipeline. Since the start of its operation, 400 billion cubic meters of gas have been delivered by Russia to the European Union via the Baltic Sea.

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