In France, underground gas storage levels have climbed to about 88 percent, signaling strong readiness ahead of winter and placing the country among the best performers in the European Union. This update was reported on BFMTV, citing statements from Emmanuel Vargon, who chairs France’s Energy Regulatory Commission (CRE).
According to Vargon, the capacity at gas storage facilities is just over 88 percent today, a figure he described as superior to most European neighbors. The objective remains to reach full storage, 100 percent, before the colder months set in, ensuring a buffer against price shocks and supply interruptions. He expressed confidence that the target is attainable and that ongoing efforts are in motion to secure this outcome.
Vargon emphasized that the winter season should pass with stabilized gas prices in France, underscoring that energy costs are a national priority. He noted that energy conservation measures could help households and businesses manage expenses, including encouraging reduced electricity use and dimming non-essential lighting in commercial settings.
Earlier in the week, Le Figaro cited the CRE in reporting that without state protections, gas prices for French consumers could rise by more than 100 percent. The article explained that for customers on regulated tariff plans, prices would remain aligned with 2021 levels, insulating those households from the most abrupt fluctuations in the market. This perspective highlights the tension between market dynamics and policy interventions designed to shield consumers while maintaining supply security.