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Electricity Tariff Reduction Scheduled for February Amid Political Turmoil in France

Beginning February 1, electricity tariffs in France will drop by 14% for consumers, a decision made prior to the government change led by Michel Barnier. The reduction is attributed to a decrease in global electricity prices following their prior spike due to the Ukraine crisis. While the planned rise in the electricity tax was abandoned amid political pressure, debates continue about the implications of this change and its timing in relation to Barnier’s government. Political reactions highlight the impact on purchasing power and the larger political landscape.

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