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    EDP Comercial will increase natural gas prices in October


    September 17, 2021 - CE Noticias Financieras

     

      EDP Comercial will increase natural gas prices for its customers in the liberalised market as of 1 October, reflecting the increased cost of this form of energy, which will also undergo, as of the same day, a 0.3% update in the tariffs of regulated customers, in accordance with the decision of the Energy Services Regulatory Authority (ERSE) announced in June.

      In response to questions posed by Expresso, the company admits that will proceed to an update.

      "Given the rise in energy prices in the wholesale market, EDP Comercial will update gas prices from 1 October, in line with ERSE's decision. If we consider the customer profiles defined by the regulator, the update will be 14 cents per month for profile 1 (couple without dependents), 6 cents per month for profile 2 (couple with two dependents) and 19 cents per month for profile 3 (couple with four dependents)," explains EDP Comercial.

      These updates are higher than those provided for in the regulated tariffs (which according to ERSE will result in an increase of 4 to 7 cents per month), but lower than those applied by competitor Galp.

      In the case of Galp, the monthly impact will translate into average increases between 50 and 84 cents, in the consumption types that are considered most representative, the company explained to Expresso on Wednesday.

      EDP Comercial, which is the largest operator in the liberalised natural gas market in number of customers, with a share of about 50%, also said that the October update "has already been communicated to customers at the end of August," recalling that customers "can still obtain discounts on their bills of up to 8% per month.

      As for electricity, EDP Comercial reiterates that "it continues to closely monitor the rise in wholesale market prices, but maintains that it will not change prices for domestic customers throughout 2021, either for current customers or for new customers who wish to join the company.

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