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Economy

If I change GAS to a regulated market, will I have to pay for a new check?

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GÁS

I receive dozens of messages with this question. As you have already noticed, if you are an EDP or GALP client (we do not yet know the amount of surcharges from the rest), from October 1, the price of gas will almost triple. The bill for 20 becomes 60, from 50 to 150, from 300 to 900 euros. This is serious.

As I explained to you in this article HEREif you have calculated and it is not profitable to continue working in your company because you have other discounts that are very important to you, the best solution is to GO to the regulated market as soon as possible. We still don’t know how it’s done because the government hasn’t explained it yet. You will have to wait.

But do I have to pay 60 to 80 euros or more to change?

This moment is VERY IMPORTANT. The answer is yes and no. It depends on how long ago you last had a gas inspection of your home. I predict that tens (if not hundreds) of thousands of you will have to pay for a new gas inspection if you want to change your gas supplier, regulated or not.

But I want you to understand one simple thing: No one should pay a new gas inspection just to change the gas company. Reviews are required every x years, whether you change supplier or not. What’s happening is that many of us didn’t do this in our time, and now, by law, a supplier (regulated or not) is required to request a valid verification report in order to enter into a new contract.

If you have it and it is valid (within the legal validity period), you change the contract and you do not need to pay anything. If it’s expired, or you can’t find it, or you never had it (at a time when the document wasn’t required), then YES, you’ll have to pay for a new inspection before moving to a regulated market (or another company).

Will there be a place for your inspection?

This is one of the big problems that I foresee. As soon as it will be possible to return to the regulated gas market (we don’t know yet how), there will be a flow of applications for these checks. Will companies be able to respond to tens of thousands of inquiries in the first few weeks? I really doubt.

That is, if you are not very careful and are already requesting a review, you may have to wait a few weeks, a month or more before you can switch to a regulated market. In the meantime, you will pay absurd prices.

Perhaps the government, realizing this problem, will create some kind of exemption / deferment / any other solution so that the bureaucracy does not block the savings of the Portuguese, who want to immediately change the supplier, so as not to fall victim to these terrible increases.

I also want you to understand that this increase is not corporate greed. They can’t afford to buy gas for 300 and sell it to you for 35. This is one of the consequences of the war. We take it to the table.

Who should pay for a new check?

This link has all the information from the Main Directorate of Energy and Geology on this issue:

https://www.dgeg.gov.pt/pt/areas-setoriais/energia/combustiveis/instalacoes-de-gas-em-edificios/

I will summarize for you what is in the law.

Gas installations (IG) are subject to periodic checksin danger of cutting off the gas supply.

In cases of re-equipment, changes to the IG, gas leakage or interruption of its supply due to the presence of a critical defect, the IG is also subject to extraordinary checks. That is, whenever you have a gas problem or change equipment, you are required by law to request a new test. Many people change water heaters, stoves, etc. and they don’t. This is illegal and VERY DANGEROUS.

Change of gas supplier and change of owner in the contract gas supply do not require an extraordinary auditsubject to availability of a valid inspection report or, alternatively, an inspection report with approved results approving the installation.

All GUs are subject to periodic inspection with the following frequency:

building type 1st Periodic Check Remaining checks
IG issued before 21.08.2018 IG completed after 08/21/2018 Frequency
Type I – Hull Until 8/26/2028 or when they turn 20, whichever comes first 10 years 5 years

In short, look for and see – over time – a valid inspection statement that you have in your home that approves the installation and allows you to confirm that any gas equipment, as well as ventilation and flue gas removal systems, have not been replaced. gas equipment.

When changing the supplier, you do not need to carry out a new inspection if the customer presents a valid inspection certificate and a declaration confirming that no structural changes have been made to the natural gas installation – Declaration of conformity of the installation. You can print this statement from the EDP website, for example using the link in the previous sentence.

When changing the owner of the gas supply contract, a new inspection is also not paid if the customer presents a valid inspection report and a certificate stating that no structural changes have been made to the natural gas installation.

Periodic checks should be carried out:

  • 5 after 5 years: in installations with a service life of more than 10 years;
  • 3 for 3 years: in gas installations of enterprises and institutions.

In order not to pay for this new verification, you must have these two valid documents with you (to be downloaded when you switch to a regulated market):

  • Valid inspection certificate issued by the natural gas inspection body – if the submitted inspection certificate is no longer valid, a new inspection must be carried out. The act of verification does not replace the act of verification.
  • Declaration of conformity for a natural gas installation who certifies that, to the best of his knowledge, no changes have been made to the scheme, section or nature of the pipeline (in public places or inside residential premises) or elements of the installation have been replaced by others of a different type.

What am I doing?

Obey the law. If you find your gas inspection is overdue, do it immediately this month so you don’t have to wait weeks after October. If you have an up-to-date inspection (every 5 years, after the first 10), you don’t have to worry about paying these costs (which you will pay later, whether you switch suppliers or not).

Therefore, if you have never considered this aspect of natural gas inspections, expect an additional cost in October of 60, 80 euros or another amount depending on your situation and / or the company you hire to carry out the inspection if you want to switch to a regulated . It’s your responsibility, not the gas company. Go look at your papers.


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Economy

What factors impact financial markets?

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The global financial markets are now hugely complex, with traders and analysts around the world looking closely for signs of movement. What are some of the most important factors to be aware of that impact the financial markets?

Geopolitical events

With news breaking from different countries throughout the day, many different stories could affect the markets on any given day. For instance, economic indicators such as the European Central Bank’s inflation rates and gross domestic product numbers released by each country can determine which direction the markets take. Stocks, currencies and other financial instruments can all vary depending on these areas.

Major events such as war breaking out, natural disasters and elections also have an effect. When we look at the commodities market, climate change is an issue to bear in mind, with unusual weather sometimes causing scarcity or abundance of a certain product.

An interesting aspect of the modern financial world is the way that the different markets are linked. This means that any important event or news story that affects one area could easily affect another, even if the link isn’t obvious at first sight. We can also see how local shocks and events can quickly have an effect at a global level.

The financial crisis of 2008 is a good example, as it started with a serious downturn in the US housing market. Although this appeared to be a localized issue at first, it soon revealed some major issues with the global banking setup that caused problems around the planet affecting millions of people and diverse industries.

Speculation and investment trends

The previous factors all point toward the markets changing, and there’s no shortage of traders around the world waiting to see what happens next and how they can benefit. This means that we need to take into account other issues such as speculation and investment trends in the markets.

Armed with a variety of tools, including candlestick charts, traders try to identify trends such as support and resistance levels. They use the information they glean from the charts to make their moves, which can influence the general market if enough people make the same moves or if the amounts involved are significant.

Once an investment trend begins, it can have a knock-on effect that would have been impossible to predict at the outset. The example of Bitcoin and other cryptocurrencies shows how something that starts small can grow impressively. Cryptocurrencies have now gained enough mainstream appeal to influence and disrupt many industries, from healthcare to gaming and banking.

It’s important to understand how the leaders of a company operate and how they have faced challenges in the past. If we look at banking and the Bank of New York Mellon in particular, we can see that its history can be traced back to 1784, so it has overcome all the major events that have occurred since then. With some of the biggest names in the business world making up its key institutional investors, this is a company that we would expect to react effectively to changing markets.

Regulatory changes and company results

Just about every industry represented in the financial markets has laws and regulations that govern it. This means that the fear of harsher new laws is an almost constant threat. Meanwhile, the hope that beneficial changes to the regulations help businesses prosper is the other side of this matter that investors keep a close eye on.

Let’s not forget the role played by the profit and loss results produced by major companies. It’s clear that these results have an almost immediate effect on their stock prices. However, we should also bear in mind that this effect can reach other areas of the economy. A surprising set of results for a large business can produce shock waves that travel around the market.

What impact do they cause?

From the wide variety of examples that we’ve looked at here, it’s clear that the impact isn’t going to be the same in every case. While one set of circumstances might snowball and cause a huge impact, another might cause a limited impact before the news disappears as other events overtake it.

Having said that, one of the key issues that they cause is a higher degree of market volatility. We can see how this works by looking at an area such as the COVID-19 pandemic in 2020. The markets became a lot more volatile as the different aspects of the pandemic became clear. Streaming companies, healthcare companies and video conferencing technology firms made huge profits, while airlines and hotels were among those to lose out massively.

Working out the overall impact of a particular situation is almost impossible to do now. With so many traders looking over the latest news stories and numbers with advanced tools, the original impact can quickly grow or simply disappear. Therefore, the key for investors is to understand emerging trends and react to them before it’s too late.

These details reveal how complex the global financial market is now. It’s a fascinating world, and with more information at our fingertips than ever before, it’s something that anyone can start to research and understand in their own way.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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