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Gas prices 2023. New PGNiG tariff. Decision of the Energy Regulatory Office

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On Friday, the President of the Energy Regulatory Office, Rafał Gawin, approved the new gas tariff of PGNiG Obrót Detaliczny. Although the price will fall by 20.5 percent, the reduction will not translate into the price for tariff recipients in practice, the office reserved. However, compensation paid to companies will change. Earlier, the head of the Energy Regulatory Office called on entrepreneurs to lower gas prices in tariffs.

As informed by the Energy Regulatory Office, the regulator approved the price change in the tariff PGNiG OD from PLN 649.92 per megawatt hour (MWh) net to PLN 516.73 per MWh net. The new tariff will be valid until December 31, 2023.

The President of the Energy Regulatory Office called for reductions

Earlier, the head of this office called on a number of entities, including PGNiG OD, to lower the price fuel prices and submitting applications for tariff changes due to significant decreases in gas prices on wholesale markets compared to prices applicable until December 2022. On the Polish Power Exchange, the price of gas is below PLN 300 per MWh.

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The change in the tariff will not affect household customers and other sensitive customers entitled to tariffs approved by the President of the Energy Regulatory Office.

Pursuant to the Act, gas suppliers are obliged to apply a maximum price of PLN 200.17 per MWh in settlements with end users. Distribution fees have also been frozen. At the same time, from the beginning of 2023, the VAT rate on gas returned to 23 percent, temporarily it was 0 percent.

What will change?

The Friday decision of the President of the Energy Regulatory Office was commented on by mBank economists on Twitter. “The Energy Regulatory Office has approved a change in the tariff of PGNiG Obrót Detaliczny. A decrease by 20.5 percent! However, we will not see this reduction on the bills. Why? The price of gas drops from PLN 649.92/MWh to PLN 516.73/MWh. The rate for individual consumers however, it is frozen at PLN 200.17/MWh.

However, they noted that this does not mean that nothing has changed. “Changes. Compensation paid to trading companies will be lower, because the difference between the tariff and the frozen price has decreased,” mBank’s economists explained.

The Energy Regulatory Office assured in a communiqué that it “monitores the level of prices on the market on an ongoing basis and takes the necessary actions adequate to the situation”.

Main photo source: Shutterstock

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