France vows to keep electricity prices capped as EU energy costs soar

France's Finance Minister, Bruno Le Maire, has promised to maintain a cap on electricity costs until the end of 2023 as European energy prices soar. © LaTribune

French Finance Minister Bruno Le Maire has pledged to keep electricity costs in check for consumers as European energy prices soar to record levels.

The Paris government has put in place an energy price cap to shield households until 31 December and minister Le Maire said Saturday that next year, expected hikes would be "contained increases".