France May See 40% Electricity Price Surge by February

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by Chris Black

You vil own nothing and you vil be happy.

The French authorities are working on further measures to restrain spiking energy prices, the country’s finance minister said, issuing a warning about political fallout ahead of a presidential election.

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“Look what’s going on in Kazakhstan, it’s quite indicative of what can happen when energy prices explode, it’s politically dangerous,” Bruno Le Maire said on Friday.

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“If we don’t find a solution to the electricity prices in the days to come, the French will see at the end of January an increase of 35-40%.”

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