France asks Engie to take hedging positions over gas price freeze
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PARIS (Reuters) - The French government said on Sunday it had asked utility Engie to take hedging positions to ensure gas prices do not rise until June next year.Unlike power prices, which typically move once a year, gas prices move every month in France and are set using a formula that takes into account production costs. Many French governments have postponed tariff increases to protect consumers and their own approval ratings in the past, but legally the government has no authority to set..