French Energy Saving Scheme to Boost Power Prices

France plans to launch an energy efficiency certificate scheme from July 1 to cut the country’s energy use while boosting power prices to finance investment in the sector.

The law, approved by the French cabinet on Tuesday, will require suppliers of electricity, gas and domestic heating oil to ensure that their consumers save on energy.

France is facing a shortage in power generation capacity, especially during peak demand periods in winter, and needs to replace its ageing nuclear power plants.

Planet Ark