Markets

French court repeals law on regulated gas prices

Published July 19, 2017 Updated July 19, 2017 02:12pm

"The Council of State...repeals the decree of 16 May 2013 on the regulated tariffs for the sale of natural gas on the grounds that the maintenance of such tariffs is contrary to European Union laws," the court said in a statement.

ANODE, a lobby for alternative retail energy suppliers, had taken the matter to the court arguing the scheme gave an unfair advantage to energy group Engie.

 

Copyright Reuters, 2017