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Free AccessFrance Introduces New Measures to Cut Power Demand
France Energy minister Agnes Pannier-Runacher this week said new measures have been introduced aimed at cutting power demand according to Montel.
- France is in a “much better position” than this time last year but must “continue to reduce energy consumption… to avoid load shedding or power cuts”, she said.
- The measures include a mandatory limit on lighting for commercial premises to one hour before opening time and one hour after closing, subsidies for installation of thermostats and the promotion of working from home.
- French power and gas demand was down around 12% year on year after adjusting for weather differences with households urged to limit heating to 19C amid EU energy supply concerns.
- New legislation for energy policy for the next 10 years is due by year end as the government carbon neutrality targets aim to cut energy consumption by 10% compared with 2019 levels by the end of 2024 and by 40% by 2050.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.