Energy in 2006: a new price rise and falling consumption

Marc Beudaert, division Comptes et études de l'industrie, Insee

For the third consecutive year, the price of imported crude oil grew in 2006: the average reference price of a barrel of crude exceeded 50 Euros over the year. The rising price of imported energy has a knock-on effect on domestic prices, including the price of electricity for companies which get their supplies from the free market. In the face of these rises, company energy consumption has been falling since 2005. Household consumption of oil and gas products, the prices of which rose strongly, is also on the wane. However, household electricity consumption continues to rise.

Insee Première
No 1152
Paru le : 25/07/2007