France May See 40% Electricity Price Surge by February

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.

“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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