France Tightens Energy-Saving Measures To Avoid Another Crisis

The French government will further restrict store and commercial real estate lighting usage and fine offenders as part of a new set of measures aimed at saving energy. France and all other European countries are looking to curb energy and gas use after last year’s energy crisis and the skyrocketing prices of electricity and natural gas following the Russian invasion of Ukraine.

France has already seen a 12% decline in electricity and natural gas use compared to the levels from before the energy crisis, the minister said, adding that she hopes the lower energy use could become structural. Europe is currently in a much better position ahead of this winter compared to this time last year, with nearly full gas storage sites well ahead of the November 1 deadline, more LNG imports, and more LNG import terminals.

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