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Thursday, February 22, 2024

Electricity prices. Increase in PGNiG – TVN24 Biznes

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Electricity prices for households in the PGNiG offer will increase from PLN 0.42 / kWh at the beginning of last year to PLN 1.70 / kWh from autumn this year, according to the industry portal Wysokienapięć.pl. In addition to the threefold increase in the electricity rate itself, the company also increased the commercial fee. According to the portal, similar increases are already being introduced or planned by other energy companies.

“As early as January 2021, the electricity prices in PGNiG’s offer for the household were PLN 0.34 / kWh net, to which customers had to add PLN 4.88 / month net of the trade fee. However, already in January this year, the gas giant’s price offer exceeded PLN 1. However, since July 2022, PGNiG Obrót Detaliczny has already increased its offer for households electricity price to almost PLN 1.39 / kWh net – that’s exactly 400 percent. rates from a year ago “- describes the portal.

Electricity prices. Customers will have to pay more

The portal also shows how much the trade fee has increased – to PLN 28.45 / month net. “If we calculate the increase in the trade fee itself to the consumption of an average family (approx. 167 kWh / month), it turns out that it is nothing else than an additional PLN 0.14 / kWh net in the electricity price. The real price increase was therefore even more, because 343 percent compared to January 2021 “- we read.

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As the portal writes, “if we add VAT to this, then by the end of July (perhaps by the end of October, if the Senate votes to extend the anti-inflation shield), PGNiG customers will be able to count on gross rates of PLN 1.46 / kWh for electricity and less than 30 PLN monthly trade fee, but from November they will amount to PLN 1.70 / kWh and PLN 34.99 per month “.

Doubtful reductions from other suppliers

“Households whose term contract with PGNiG ends, however, do not have to use this offer, they can return to their vendor ex officio (PGE, Tauron, Enea or Energa), where there is no commercial fee, and the electricity rates are now 0, PLN 42 / kWh gross. However, in January 2023 at the latest, if the government does not freeze prices again, these rates will also increase significantly “- the portal says.

The website reminds that the purchase price of electricity itself is only a part of the household bill. The second is the distribution fee along with other support mechanisms such as the RES fee or the capacity fee. “In total, today it is another PLN 0.40 / kWh gross” – it was written.

“Adding the distribution fee of an exemplary customer from the G11 tariff from south-eastern Poland, the total bill for energy purchased from PGNiG along with PGE’s distribution rates would increase from PLN 121 gross per month at the beginning of last year to PLN 385 gross per month in autumn this year, i.e. by more than 200% The effective total cost of purchasing and distributing electricity for an average family using 2,000 kWh per year will amount to PLN 2.31 / kWh, compared to the current approx. PLN 0.77 / kWh in regulated tariffs and with reduced tariffs. VAT“- was given.

Prices on the stock exchange

Pekao experts note the increase in prices on the stock exchange. “Electricity prices in the previous session reached the record level of PLN 1324 / MWh, and the average level from the beginning of the year was PLN 836 / MWh.” Analysts from the Brokerage House claim that if this level was maintained in the next part of the year, electricity prices in the G tariff may increase by approx. 115%. in 2023.

Expert comment

Electricity is rising all the time. We have had an energy crisis since last year and it is only deepened by a number of different factors – said Wojciech Jakóbik, editor-in-chief of biznesalert.pl on TVN24.

According to him, prices will start to fall only as a result of the economic crisis. – So far, however, the stock market is full of uncertainty. We have different signals all the time – that there is too little energy supply in Poland, because there are problems with coal, and that the price of gas is rising again, because Gazprom threatens to turn off the gas tap. And here we have bad economic data making raw materials cheaper. This great uncertainty makes it difficult to predict from the coffee grounds what will happen, but the energy crisis continues. Along with the onset of the heating season, when the demand for various utilities increases, it may become more intense. So it is best to prepare for the worst, and then possibly accept better data with a pleasant surprise, which is not yet likely – said the expert.

As he said, “we had the lowest prices for a while because we had coal”. – Now, perhaps due to the problems with coal, we can have the highest price. We also have various technical problems with Polish power plants, which are being turned off more and more often because we have been building new energy too slowly. We use what we have. We mainly have old coal, we still don’t have the promised offshore wind farms, the nuclear power plant won’t be there until the 1930s. What we have is old, deteriorates more and more, and there are also problems with the raw material – explained Jakóbik.

– As a result, we have record prices. If there are any abuses, incorrect valuation, it is a matter for the Office of Competition and Consumer Protection. It is worth making a reservation that the stock exchange prices do not translate directly to our wallets, because we have various discounts, we have energy allowances, we finally have a tariff that was especially underestimated – if it were on the market, we would have already had a several hundred percent increase at the beginning of this year, and not several dozen percent. Therefore, the next increases of several dozen percent, even with the help of the state, should be something certain – he stressed.

When asked why we have to pay so much for electricity, he replied: “Because we have an energy crisis. People would like to watch this crisis from a distance with popcorn, but it is happening in our wallets. costs of purchasing electricity on the power exchange, which is linked to the gas price, especially in Western Europe. Gas also has record prices, because on Monday the Russians can turn off the gas tap Germany and then do not unscrew it back. This is actually what the Federal Republic of Germany fears. This will be a reduction in gas supply in Europe, an additional increase in gas prices and an additional increase in energy prices. Firms calculate – market conditions suggest it will only be more expensive. “

Wysokienapięć.pl, TVN24

Main photo source: Shutterstock

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