Bloomberg News

French Cabinet to Unveil Bill on ‘Social Tariffs’ for Energy

September 05, 2012

The French government will today unveil a bill to put in place so-called social tariffs for water, power and natural gas, Environment and Energy Minister Delphine Batho’s office said.

The plan, which will be laid out at the weekly cabinet meeting, would link rates to volumes used, with greater consumption resulting in higher rates. Details of who will pay the higher rates were not immediately available.

Batho is also set to discuss a planned revision of the country’s mining code at today’s meeting, according to a statement from the president’s press office.

The code defines rules on exploration and production of minerals, oil and natural gas in France and applies to fracking and other drilling techniques used to produce oil and natural gas from shale rock.

To contact the reporters on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.net.

To contact the editor responsible for this story: Vidya Root at vroot@bloomberg.net


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