HomeEconomyRegulator proposes to maintain light prices on the regulated market in July

Regulator proposes to maintain light prices on the regulated market in July

For example, compared to the previous month, ERSE indicated “for consumers who remain on the regulated market (951 thousand customers representing 6.8% of total consumption in March) or who, being on the free market, have opted for an equivalent rate, the rates for sales to end customers in Normal Low Voltage (BTN) will not change,” he stressed.

However, “compared to the average price of 2022, consumers will see a 1.0% increase in the final selling price in 2023,” said ERSE, highlighting that “this increase is lower than previously announced for this year, of 3.3%, due to of the reduction observed in sales rates to final customers in April 2023”.

According to ERSE, the prices are for a couple without children (power 3.45 kVA [quilovoltampere]consumption 1900 kWh/year [quilowatts-hora]) at 36.62 euros, and for a couple with two children (power 6.9 kVA, consumption 5000 kWh/year) at 92.43 euros.

Consumers with a social tariff “continue to enjoy a discount of 33.8% on sales tariffs to end customers, as determined by decision of the member of the government responsible for energy space”.

In the statement, ERSE stressed that on July 1, “electricity tariffs and prices for the period from July 1, 2023 to December 31, 2023 will come into force.”

“The current proposal for the exceptional tariff setting, which aims to adapt energy tariffs and network access tariffs to current market conditions, is essential to ensure tariff stability in the context of volatility and uncertainty in the price evolution in the markets electricity and natural gas wholesalers,” he added.

According to ERSE, this is “namely due to the update of the Costs of General Economic Interest (CIEG) related to the production of electricity, the benefit of which for network access tariffs was lower than initially estimated for 2023, which is as such leads to network access charges that are less negative than expected”.

Even so, “the slightest reduction in network access charges will have no effect on end-customer sales tariffs of normal low-voltage consumers (BTN) that remain on the regulated market, due to the reduction in energy tariffs,” according to ERSE.

The regulator also assured that “this proposal contributes to the financial equilibrium of the regulated activities, whose revenues are part of the aforementioned CIEG, minimizing fluctuations in income levels that would result from the impact of the adjustments related to this CIEG in the 2024 and 2025 rates and thus through the promotion of greater long-term rate stability”.

ERSE has therefore submitted to the Tariff Council (CT) the detailed documentation to support its proposal for the exceptional setting of electricity tariffs.

“The CT must issue an opinion on the proposal within 30 days, with ERSE making the final decision on June 15,” he said.

Author: DN/Lusa

Source: DN

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