From Electricity to Bread: By the New Year, General Rise in Prices Consumers will pay for the services they use every day, and inflation in November will be 9.9%.

The year starting this Sunday will be marked by an overall increase in the prices consumers will pay for the services they use on a daily basis, with 9.9% inflation in November.

Electricity will increase for those who work on the regulated market, as well as for some consumers who have switched to the liberalized market under pressure from the price of natural gas used to generate electricity.

Fares are also increasing, as are rents, albeit limited by the government, taking into account the impact of inflation on these prices.

Notable price updates for this year are as follows:

Electricity
The price of electricity on the regulated market will increase by 1.6% in January 2023 compared to December, with growth of 3.3% compared to this year’s average, values ​​higher than those proposed in October, ERSE – Entidade reported Energy Services Regulator. .

According to data published by ERSE, with this increase, the average monthly bill as of January 2023 for a couple without children (capacity 3.45 kVA, consumption 1900 kWh/year) increases by 0.54 euros, and for a couple with two children (capacity 6 .9 kVA, consumption 5000 kWh/year) costs 1.41 euros.

In a liberalized market, EDP Comercial announced that starting this Sunday, it will increase residential electricity bills by an average of about 3%, reflecting the volatility in the cost of buying energy.

For its part, Endesa expects to maintain the global cost of customers’ electricity bills in 2023 by starting to include the cost of the Iberian mechanism but lowering electricity prices, the company warned in a note to customers.

Iberdrola said that customers’ energy bills will drop by an average of 15% this year, noting that the reduction “applies to energy components and access costs.” “Naturally, taxes, fees and other values ​​determined by the state” are excluded, Iberdrola added in a statement.

Galp will cut electricity bills by an average of about 11% from the start of 2023, an official source told Lusa. Thus, said the same source, “for the average consumption of a typical family with two children, the most common in the Galp customer portfolio, this upgrade will result in an average reduction of 3.5 euros to six euros” per month.

Gas
Natural gas bills will increase starting this month by about 3% for the most representative customers in the regulated market, following the rejection of purchase price forecasts, ERSE said.

The organization said in a statement that it has updated “the price of the energy tariff on the regulated market by an additional two euros per MWh from January 1, 2023.”

Thus, the average monthly bill this month for a couple without children (consumption level 1, consumption 1610 kWh/year) is increased by 0.33 euros, and for a couple with two children (consumption level 2, consumption 3407 kWh/year). year) increases by 0.70 euros.

For its part, Galp indicated that for its customers, “natural gas bills will remain unchanged in the first three months of 2022.”

lace
Rents can only rise from January to 2% after the government published a law to that effect in Diário da República in October as part of measures to mitigate the impact of price increases.

In accordance with the provisions of Law no. 19/2022, “during the calendar year 2023, the annual rent renewal rate for various types of lease provided for in Article 24 of Law no. , is 1.02, “without prejudice to any other agreement between the parties.”

However, the rent renewal rate set for 2023 (1.02) is the highest it has been in nine years. In 2022, a coefficient of 1.0043 was applied, and in 2021 – 0.9997.

Payment for travel
Tolls will increase by 4.9% starting this month, the then infrastructure minister said, given the decision could have come to a “balanced” one.

“It was clear to us that the increase of 9.5% and 10.5% is unbearable, but there are also contracts and obligations, and we tried to find a balanced solution that would allow us to increase the smaller growth,” said Pedro Nuno Santos, who meanwhile left the government.

Thus, starting this Sunday, toll rates will increase by 4.9% of the amount borne by users. Above this amount, the former governor explained, “2.8% will be the responsibility of the state, and the rest, up to 9.5% or 10.5%, will be borne by the concessionaires.”

This decision is the result of “separation of responsibility” and prevents concession tolls from rising by 9.5% and 10.5% in 2023 due to the current context of high inflation.

Transport
The Mobility and Transportation Authority (AMT) announced in October that the planned renewal of transport rates will be 6.11%, recalling that its maximum value is the average rate of change of the consumer price index, excluding housing, for the 12 months from October 2021. and September 2022 or zero if this figure is negative.

However, he emphasized in a note published on his website that for 2023 “in the current macroeconomic context, taking into account the level of inflation, the Decree of the Council of Ministers No. 74-A / 2022 of September determines. 6, and without prejudice to the corresponding compensation awarded by the competent transport authorities”, “no increase in “public transport passes”” and “maintenance during this year of the tariff in force in 2022 for CP transport tickets”. “Regarding scheduled services, that is, the fare increase of 6.11% can only be applied to “single tickets and fares.”

Thus, Navegante fare passes and individual Carris Metropolitana tickets will retain prices in 2023 that are in practice this year.

According to Transportes Intermodals do Porto (TIP), the number of tickets for random tickets at the Andante intermodal fare in the Porto metropolitan area (AMP) will increase by an average of 1% from January. Monthly subscriptions do not increase.

Telecommunications
Altice Portugal, owner of Meo, will update prices from February, with fixed-vote-only customers and retirees with a pension plan excluded from the increase, the executive president told Lusa.

The position of the remaining operators is still unknown.

Bread
The price of bread is expected to rise again in 2023 due to the increase in the cost of raw materials and energy, as well as due to the renewal of the national minimum wage, ACIP Lusa said.

“Much will depend on fluctuations in the prices of raw materials and energy, but most likely they will increase, even due to the impact of the increase in the minimum wage,” the direction of the Association of Trade and Baking Industry (ACIP) is envisaged. ), in response to the Portuguese.

According to the association, only part of the increase was reflected in the price paid by the consumer, the rest was borne by producers, who in turn faced falling profit margins.

inspections
Vehicle inspection fees will also increase in 2023, from the current €25.85 to €27.80 for passenger cars and from €13.02 to €14 for motorcycles, plus VAT.

For heavy vehicles, the inspection fee will increase from the current 38.69 euros (excluding VAT) to 41.60 euros from today’s Sunday.

The increase in tariffs next year is linked to the level of inflation, said the Institute for Mobility and Transport (IMT) in a decision published in Diário da República, in which it claims to have taken into account the latest update of the consumer price index, carried out in mid-December and refers to November, resulting in an average annual rate of change (excluding housing) of 7.53%.