France cannot keep a cap on energy prices forever through billion-euro subsidies to help households deal with runaway inflation, Prime Minister Elisabeth Borne’s government spokesman Olivier Verand told reporters on Wednesday. Press after the end of the meeting of the Council of Ministers, which was chaired by the President of France, Emmanuel Macron.
Natural gas prices in France are currently “frozen” by government decision, while the country’s government has also put a cap on electricity price increases, but both measures are expected to expire next winter.
“It is possible that there will be price increases,” said Mr. Veran, according to the Reuters agency.
Source: Capital
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