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Radio France Internationale
Radio France Internationale
National
RFI

France's economy minister extends electricity subsidies to 2025

The electricity tariff shield, put in place by the French government since October 2021 to limit bill increases, will be maintained for another two years, Minister of Economy Bruno Le Maire announced on 21 April, 2023. © AFP - Loic Venance

The French government will continue subsidising electricity bills into 2025 as prices suffer from Russia's invasion of Ukraine and part of the country's nuclear reactor fleet remaining offline, the finance minister said Friday.

With bills still "very high" compared to late 2021, "I'm giving us two years to end" electricity subsidies by early 2025, Bruno Le Maire told French broadcaster LCI - a day after vowing to slash France's debt and deficits with cuts to public spending.

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