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GDF Suez appeals France price freeze decision


GDF said the price freeze violated a law which gives it the right to raise its rates to offset higher gas prices. If the normal formula used to calculate increases had been used to calculate a price increase on October 1, gas tariffs for private customers would have risen 10 percent, Le Figaro reported.French energy utilities associaton Anode complained about the rate freeze about a month ago, claiming the price freeze prevented GDF from covering higher raw material prices and impeded fair competition.

Tags: GDF Suez appeals France price freeze decision
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