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HomeLatest NewsThe regulated gas tariff will rise on average by 8.67% since January

The regulated gas tariff will rise on average by 8.67% since January

Date: February 24, 2024 Time: 06:35:13

The individual natural gas tariff of last resort (TUR) will experience an average increase of 8.67% for the first of 2023 as of next January 1 compared to what has been in force since last October 1 for the last quarter of 2022

In the case of last resort rates for individual consumers, for an average customer who has TUR 1 -for consumption less than or equal to 5,000 kilowatt hours (KWh) per year with hot water- the revision supposes an increase of 7.54 % on your annual bill without taxes.

For the TUR 2 client (for consumption between 5,000 and 15,000 KWh per year, with hot water and heating), the update represents an increase of 8.94% in their annual bill without taxes. The increase will be for a TUR 3 customer (consumption between 15,000 and 50,000 KWh per year, such as households with high consumption and small businesses) will be 9.21% on their annual bill without taxes.

How much did each TUR consumer save?

In September 2021, the Government approved a royal decree that limited the increase in the cost of raw material in the calculation of the three bands of the TUR. Since the Royal Decree-Law came into force, the impact of high natural gas prices on consumers has been attenuated. According to the Ministry for the Ecological Transition, for an average customer with the TUR 1, the savings are estimated at 117 euros per year; for one from TUR 2, at 272 euros per year, and for one from TUR 3, at 885 euros per year.

If the usual TUR review methodology had been applied, included in an order of June 2009, on January 1, 2023 the cost of the raw material would have reached 9.804718 cents/KWh. With the application of the limit established in the royal decree law of 2021, the value applied is 5.239615 cents/KWh, 15% higher than that included in the rate in force since October, but 46.6% lower than that would have applied if the increase in the cost of raw material had not been limited.

Consumers with neighboring TURs will notice the reduction in the new year

Those who will notice a reduction for the new year are the clients who have the neighborhood TURs, which the Government created and found in October 2022 for collective consumers, so that the neighboring communities, who did not have access to the rate regulated, it could worsen from the limit to the increase in the cost of raw material in the revisions and they would not see their bills skyrocket this winter.

In these eight tariffs that exist for different sections of collective consumption, the cost of the raw material weighs 30% of the value from the formula of the order of June 22, 2009 (9.804718 cents/KWh) and 70% of the royal decree-law of September 2021 (5.239615 cents/KWh).

This results in a cost of raw material for the neighborhood TUR of 6.609146 cents/KWh, 2.1% lower than the rate used in the rate in force since October 20 (6.7543173 cents/KWh). The decrease is due to the fact that the cost of the raw material from the 2009 order formula in January 2023 is 17.5% less than the 11.883288 cents/KWh corresponding to the month of October 2022.

In this way, as of January 1, 2023, the variable term of the neighborhood TUR will be reduced by 1.77% in the case of TUR 4; in 1.79%, in that of TUR 5; by 1.96%, in TUR 6, and by 2.05%, in TUR 7. The reduction will be 2.06%, in TUR 8, TUR 9 and TUR 10 ; while in the TUR 11 it will be 2.07%.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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