Electricity prices on the regulated market have fallen 0.1% since this Saturday compared to May, in line with exceptional tariff setting by the Energy Services Regulatory Authority (ERSE).
Also starting this Saturday, EDP Comercial customers will see a 10% reduction in the energy component of their electricity bills and a 20% reduction in natural gas bills “due to improving market conditions.”
In mid-April, ERSE proposed establishing exclusive tariffs for consumers on the regulated market (908 thousand customers in February) or for those who, being on the free market, opted for a similar tariff, with a slight reduction in the average price of products. Electricity tariffs for sale to low normal voltage (BTN) end-users between May and June 2024 are 0.1%.
Despite this, “compared to the 2023 average price, consumers in 2024 will see a 2.8% increase in final sales price,” and “this increase is lower than the 2.9% increase previously announced for this year.”
According to ERSE, “Considering the BTN price to be representative of domestic consumers, they observe a five-year average annual growth of the final price of 0.9%.”
This exclusive tariff proposal means that for a couple without children with a power of 3.45 kVA (kilowatt-amperes) and a consumption of 1900 kWh/year (kilowatt-hours), the discount will be on average 0.20 euros.
For a couple with two children (power 6.9 kVA, consumption 5000 kWh/year) the reduction will average 0.10 euros per month.
In the case of the Autonomous Regions, compared to the average price in 2023, consumers in BTN “will see in 2024 an increase in the final selling price of +1.1% and +0.8% for the Autonomous Region of the Azores and for the Autonomous Region of Madeira respectively” , – ERSE indicated.
Compared to May and June, the Azores will increase by 1.6% and Madeira by 1.3%.
ERSE said that “the exclusive tariff setting proposal, which aims to adapt electricity tariffs and network access tariffs to current market conditions and avoid distortion of price signals, is fundamental to ensuring tariff stability in the face of volatility and uncertainty experienced by in wholesale electricity markets since the beginning of the year.”
According to the regulator, “compared to what was assumed when calculating currently applicable tariffs, wholesale markets are experiencing a significant decline in energy prices, both prices occurring today and future market prices for the remainder of the year.” “.
At the same time, he noted, “energy prices registered on the wholesale market (MIBEL) averaged 44.4 euros per MWh in the 1st quarter of 2024. [megawatts-hora]which is significantly lower than the 88.3 euros per MWh predicted by ERSE for tariff calculations in 2024.”
In late March, Galp also announced that it would reduce electricity and natural gas prices by an average of 28% and 19%, respectively, starting in April, reflecting “declining energy prices in international markets during the first year.” quarter”.
Author: Lusa
Source: CM Jornal
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