France considers energy purchase vouchers for households as global oil prices rise again – .

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France considers energy purchase vouchers for households as global oil prices rise again – .


France could become the first major economy to offer its households coupons to ease the shock against soaring energy costs, as oil markets on Monday showed no signs of easing the crisis for citizens and businesses.

The government of President Emmanuel Macron is considering offering gas coupons to low-income households to limit the damage caused by soaring energy prices.

The move comes after the European Commission released a so-called toolkit last week that member states should consider this winter, including offering energy vouchers to households.

The oil markets continued to build up the pressure. The price of Brent crude traded at $ 85.38 a barrel on Monday, after hitting $ 86.04, the highest level since October 2018.

Cold temperatures in the northern hemisphere are also expected to worsen the oil supply deficit, said Edward Moya, senior analyst at Oanda.

The French government had already rushed in recent weeks to cap gas and electricity prices and increase aid to help disadvantaged households pay their heating bills in winter.

In its proposals last week, the EU said governments should consider emergency income assistance for struggling consumers, using vouchers or partial bill payments.

He also said governments should sanction temporary bill payment deferrals, put in place safeguards to avoid disconnections and consider tax rate cuts for households and vulnerable businesses or industries, which were “in line with its state aid rules ”.

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