Increases in the price of natural gas and electricity for residential consumers in regulated and liberalized markets will come into effect this Saturday, which in some cases will increase the monthly bill by almost 40 euros.
Increase announcements were made by traders one after another throughout the summer, but now the new prices are coming into effect simultaneously for all domestic consumers, as well as for some small businesses.
EDP’s commercial customers will pay an average of €30 per month more for natural gas, plus five to seven euros in fees and taxes, an increase the company has justified by rising prices in international markets after a year without a tariff. updates.
The new prices will be valid for three months instead of a year as usual, and may be revised up or down at the end of this period.
However, the company ruled out “a further change before the end of the year in electricity prices” unless there are “exceptional situations in the next few months.”
In the case of Galp, the increase in the natural gas bill will be about eight euros for the most representative group of customers.
The company also justified the growth by saying that “acquisition costs are in line” with international market prices.
Galp updated the price of natural gas on July 1, increasing it by about 3.60 euros for the most representative group.
In turn, Goldenergy customers will incur an increase in monthly gas bills by an average of 10 euros, which covers both families and small businesses.
The energy industry justified this growth with the cost of managed access, market volatility, and rising gas prices.
The new tariff will be applied until the end of the year and will be reviewed taking into account market changes.
These announcements prompted the government to approve a measure allowing consumers in the liberalized market to return to the regulated gas market, as was already the case for electricity.
The regulated market offers lower tariffs, but the Entidade Regladora dos Serviços Energéticos (ERSE) has announced a new increase in energy prices on the regulated natural gas and electricity market.
Therefore, a 3.9% increase on the previous month comes into effect in this market today and, since the updates were made throughout the year, the increase for 2022-2023 is 8.2% compared to the previous year (2021-2023 gg.). 2022).
In the case of electricity, consumers on the regulated market will pay an additional five euros per megawatt hour (MWh), which is equivalent to an average 3% increase in their monthly bill.
Endesa’s customers remain unchanged without an increase, which has committed itself to maintaining the contract prices until December and fulfilling the obligations set out in the Iberian Mechanism after the president of the company said that electricity will grow by 40% in August.
