Thursday, April 16, 2015

Methodological change “does not worsen Rates” light and gas – Business Journal – Portugal

The aggravating factor on transitional rates is an “improvement of the system” to “enable immediately the full implementation of tariff cuts announced,” argues the tutelage of Moreira da Silva.

The Ministry of Environment, Spatial Planning and Energy assured this Thursday, April 16, that the methodological change” does not worsen the rates [of electricity and natural gas], given the methodology that replaces “. “Changing the term already announced by the Government (December 2017) strengthens the protection of consumers who have not opted for a market price. By allowing a longer period for the transition will lead to lower aggravating factors,” he argues.

The clarification of the Ministry tutored by Jorge Moreira da Silva is in response to a report of the Economic Journal, who writes that consumers who have not yet switched to the liberalized market will be penalized in the monthly bill. At issue is the aggravating factor – appears in a January diploma published in the Official Gazette -. For transitional services up to the end of 2017, set by the Regulatory Authority for Energy Services (ERSE)

” aggravating factors that exist in the transitional energy tariffs are set by law since 2010 (…) and were the subject of subsequent legislation. Some of these standards is a direct result of both the transposition of directives, or the implementation of the signed Memorandum of Understanding with the troika “, argues the government, pointing out that this last methodological change just perfect the existing system” in order to achieve, among other things, facilitate immediately the full implementation of tariff cuts announced. “

Effect built into the descent of proposed tariffs

The Regulatory Authority for Energy Services (ERSE) proposed on Wednesday a decline of 7.3% of transitional rates of natural gas in the period between July 1, 2015 and June 30, 2016, for families with consumption up to 10 cubic meters. It is the largest decline ever proposed by the regulator, influenced by the application of a special rate to Galp, and the changes apply to a universe of 510 thousand consumers who are still in the regulated market of natural gas. According to February this year, the other 840,000 are already in the liberalized market.

The Ministry clarifies on the same note that “the effects of the ordinance are already incorporated in the proposed tariff rates and changes announced by regulator, [denying] that it will be understood as having any additional future effect to mitigate, or contrary to, these numbers of price declines, yesterday announced “.

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