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Belgium/France: Low bills, boosted competition means win-win in energy buyout

By  |  November 26, 2013

Belgium-based energy supplier Lampiris announced plans to strengthen its presence within France in a deal that aims to reduce energy costs and boost energy competition within the French market.

Consumer group UFC-Que Choisir said Tuesday that Lampiris will offer natural gas to customers up to 16 percent less than regulated rates – a deal that “could go a long way toward stimulating competition, the group said. Regulated rates apply to France’s state-run monopoly GDF Suez, which controls about 90 percent of the French market. But the entrance of Lampiris, slated to gain up to 100,000 new French customers, may offer strict competition to Suez.

Full Content: Bloomberg

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