a gasoline tax will nearly double | EUROtoday

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Lhe exit from the tariff protect introduced by the federal government will materialize from 1er January 2024. One of the taxes paid by pure gasoline suppliers, the excise, will nearly double, which ought to routinely enhance the invoice for subscribers. The regular excise fee on pure gasoline for gas use, which has changed the inner consumption tax on pure gasoline since 2022, will enhance to 16.37 euros per megawatt hour (MWh) from 1er January, in comparison with 8.45 euros presently, in accordance with a decree printed on Saturday within the Official Journal.

This worth corresponds to the ceiling approved by the 2024 finance legislation, printed the identical day within the Official Journal. By comparability, the reference worth for pure gasoline on the European market was round 32 euros/MWh on Friday, after having properly exceeded 100 euros in 2022, with peaks at greater than 300 euros.

“An increase in the gas bill of around 8 euros per megawatt hour”

“For half of gas subscribers who have opted for a fixed price tariff offer, the increase in excise duty will lead to an increase in the gas bill of around 8 euros per megawatt hour,” explains to AFP Nicolas Goldberg, analyst specializing in vitality at Colombus Consulting. As particular person payments are sometimes offered in kWh, this equates to a rise of 0.8 cents per kWh. Many present mounted gives are supplied by suppliers at a bit greater than 0.100 euros together with tax, or 10 cents, per kWh.

The different half of subscribers signed gives based mostly on an index, referred to as a “sales benchmark”, established each month by the Energy Regulatory Commission. At the Ministry of the Economy, it’s estimated that this index may fall, going from 123 euros/MWh in December for consumption linked to cooking or sizzling water within the low vary, to a median of 114 euros over the primary three month of the yr, in accordance with market expectations up to now. The client would due to this fact not profit from the drop in costs, for the reason that tax would preserve the gasoline invoice across the worth paid in December. The present worth is on the identical degree as that of the exit from the tariff protect, on 1er July 2023.

The Minister of the Economy, Bruno Le Maire, indicated in September that the tax enhance can be “without impact on the consumer”. The enhance in excise obligation ought to generate 1.9 billion euros in financial savings for the State.

Another rise in gasoline costs looms

For a number of months, the manager has been organizing the gradual exit from the tariff protect, deployed for the reason that finish of 2021 to average the impression of the surge in gasoline and electrical energy costs. Since 1er July, there are now not regulated gasoline gross sales tariffs (TRVG), which allowed the federal government to immediately restrict worth will increase. Instead, a “benchmark” worth from the Energy Regulatory Commission, up to date each month, should function a information, based mostly on market costs. It serves as the premise for “gateway” pricing gives.

Another enhance for gasoline can be looming, which can even be mirrored in payments: the gasoline distribution fee, which accounts for round 1 / 4 of the ultimate invoice, will enhance on 1er July 2024; the Energy Regulatory Commission should decide by how a lot, by early January.

Concerning electrical energy, no new tax enhance has been printed within the Official Journal. The authorities may elevate the regulated tariff in February, however has dedicated to making sure that the rise is lower than 10% in comparison with the extent of August 2023. “Many experts including myself believe that an increase in the Excise tax on electricity prices would be a serious mistake at a time when we are encouraging people to electrify their uses for heating or vehicles,” added Mr. Goldberg.

The inner tax on remaining electrical energy consumption is presently 1 euro per MWh. Before the disaster, it was 22.50 euros. “It would be a mistake to raise it to the previous level, because for two years, in 2022 and 2023, electricity prices have increased by an average of 30% in France, which is unheard of. The message sent by the government would be catastrophic,” argued Mr. Goldberg.