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Home gas prices up in France April 1, up 20% in past year

According to this article published in French magazine Le Point, the Commission de régulation de l’énergie (CRE), the French Energy Regulatory Commission, has approved a request for a price hike in natural gas used for home heating.

The energy company GDF Suez, in which the French government has a 35% stake, requested the increase, which will take effect April 1. The increases have been steady, and this last measure will make rates 20% higher than a year ago, and 60% since 2005.

Consumer organizations, notably association de consommateurs UFC Que Choisir, have voiced discontent with this measure, as the increases over the past year have meant an additional 200€ on average spent by families.

The article specifies that most of the natural gas that GDF Suez imports is based on 20-year supply contrats with countries such as Norway, Algeria and Russia. Pricing for gas prices takes into account the evolution of the euro-dollar exchange rate, the price of heating oil and crude oil and the price of natural gas listed in Amsterdam (or the APX-ENDEX).

Read more in the original article, “Les prix du gaz augmentent de 5,2% le 1er avril, de plus de 20% depuis un an.”

French strikes: Paris CDG airport might run out of fuel next week…

October 16th, 2010 2 comments

This is just to share with you the latest news, courtesy of BBC News. The unions are continuing their policy of political terrorism, taking the country hostage for their own interests and to the economic detriment of the country. Let’s hope this ends soon.

Excerpts below.

France’s main airport, Charles de Gaulle, has enough fuel to last only a few days, the transport ministry has warned amid strikes against government plans to raise the retirement age.

A ministry spokesman said officials were working to restore aviation fuel supplies. Economy Minister Christine Lagarde urged people “not to panic”.

Oil refineries and fuel depots have been hit by the latest strikes. Meanwhile unions are holding fresh mass protests over the pension plan.

On Saturday thousands of students are expected to join a fifth day of demonstrations in less than six weeks. Unions have called for more than 200 marches nationwide. Trapil, the company that operates the fuel pipeline to the Paris airports, told French media on Friday that supplies had stopped and that Roissy-Charles de Gaulle could run out of fuel as early as next week.

All 12 oil refineries in France have been hit by the strikes. Ten have shut down or are in the process of closing. A number of fuel depots have been blockaded….A sixth day of nationwide strikes and protests is planned for Tuesday 19 October….”

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