CEMAC zone: recession could reach 6% according to BEAC

All the indicators are certainly not red. But most of the economic indicators in the six countries of the Economic and Monetary Community of Central Africa (CEMAC) are already found the Monetary Policy Committee (CPM) of the Bank of Central African States (BEAC) at the end of the second annual session on June 24, 2020 in Yaoundé.

Analyzing the situation in Central Africa, it emerges that in the short and medium terms, the CEMAC zone is affected by the health crisis and the fall in the prices of the main export products. "

"In the first half of 2020, the revival of productive activities was slowed down in the sub-region by the disruption of supply circuits for imported products as well as by the restrictive measures adopted by the various governments to contain the effects of the pandemic. Although it is premature for the moment to fully grasp the impact of COVID-19 on national economies, it is already anticipated during this first semester a drop in production as well as a det…

Gas: Engie's regulated prices drop 2.8% on June 1 in France

Regulated gas sales prices (TRV), applied by Engie to millions of French households, will drop 2.8% on June 1, the regulator announced on Thursday May 28. "This drop is 0.7% for customers who use gas for cooking, 1.5% for those who have dual use, cooking and hot water, and 2.9% for homes that heat with gas ", details the Energy Regulatory Commission (CRE).

Gas: Engie's regulated prices drop 2.8% on June 1 in France

Since January 1, the TRVs have decreased in all by 25.3%, continues the CRE, a logical consequence of the fall in the price of hydrocarbons against the background of falling demand due to the global health crisis.

Pricing about to disappear

The Energy and Climate Law promulgated in November 2019 provides for the gradual extinction by 2023 of these gas TRVs, which are set by the public authorities and have been deemed contrary to European law by the Council of State. In the future, there will only be so-called market offers, at prices freely set by the suppliers.

Less than 4 million individuals still have a gas contract at the TRVs. Since November 20, Engie has ceased to market new contracts of this type.