“Spain and Portugal have shown that it is possible to exit the European market”

The Minister of Economy and Finance Bruno Le Maire on January 17 at the National Assembly.
JULIEN DE ROSA / AFP

INTERVIEW – The Minister of the Economy announced, Sunday January 21, an increase from 8.6% to 9.8% in electricity prices in February. For Loïk Le Floch-Prigent, former president of Gaz de France, we are today paying for the choices of our leaders, such as integration into the European electricity market.

Loïk Le Floch-Prigent is an engineer. He was notably the president of Gaz de France and the SNCF. Latest work published: For an industrial France (ed. Elytel, 2020).


LE FIGARO. – The Minister of the Economy announced, Sunday January 21, an increase from 8.6% to 9.8% in electricity prices in February. Is this decision “necessary” as Bruno Le Maire said?

Loïk LE FLOCH-PRIGENT. – A tax is never “necessary”, and this is a tax levied on each electricity consumer, it is therefore a consumption tax. The state may consider it a good opportunity to fill its coffers, but there was no “necessity” to choose electricity. The chosen adjective is therefore incorrect.

For private consumers, electricity has doubled in a few years. For the average industrialist, this is a multiplication by three to six. The minister forgot to talk about it, but competitiveness has fallen and business failures are increasingly…

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