Emmanuel Macron on Tuesday denounced soaring electricity prices, as well as the companies that profit from them.

At the end of the G7 summit in Germany, the President of the Republic judged “absurd” the system of setting tariffs which strongly contributes to the wave of inflation and generates “unreasonable excess profits” for operators.

The rise in prices throughout Europe "is a tax from outside that comes through gas and electricity" since the start of the war in Ukraine, and "the taxpayer's money is not intended to compensate this tax from outside, otherwise it is an endless system that will impoverish us”, launched the Head of State at a press conference.

"It follows the gas, it's absurd"

In addition to the shields put in place since the fall of 2021 on energy prices, at great expense for the state budget, he called for "changing the operating rules of the electricity market", including prices are historically indexed in Europe to those of gas.

Because of this system, “you have skyrocketing electricity prices that no longer have anything to do with electricity production costs, it follows gas, it's absurd;

which means that you have players, for example in renewables, who make totally unreasonable excess profits during the period”.

The return of the Shadoks

"Honestly, it's the Shadoks, what we're going through," he insisted.

We are spending taxpayers' money to try to help the same taxpayer as a consumer to cope with the increase in prices, which comes from outside, on oil and gas that we do not produce, and which is related to war.

The Shadoks were the characters of an animated series with a deliberately absurd humor, broadcast in France from the end of the 1960s.

Faced with this situation, "objectively the best response is to lower its purchase prices", recommended Emmanuel Macron.

The latter thus marks his support for the efforts undertaken by the European Commission at the beginning of June, and for the desire announced by the G7 countries to cap the price of oil.

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  • Emmanuel Macron

  • electricity

  • energy

  • Economy

  • Inflation