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    Naturgy launches natural gas tariff of 55 E/MWh for industrial customers


    May 25, 2022 - CE Noticias Financieras

     

      The increase in the price of gas on international energy markets (which reached record highs in March as a result of Russia's invasion of Ukraine) has made the mechanisms that the energy sector adopts to alleviate the cost of the electricity bill particularly relevant. In this context, a promising tariff is coming onto the Spanish market: "Compromiso Gas Industrial", an initiative with which Naturgy has taken a step forward in the face of escalating costs. It offers a "stable and competitive price" for its industrial customers in the current energy scenario, according to the company. Thus, the industry will be able to benefit from a fixed price of 55 euros per megawatt hour (MWh) until the end of 2025, a cost below current prices in European gas markets. With this measure, Naturgy seeks to "support the industrial sector, helping it to secure its energy budget for three years, providing visibility and long-term cost stability".The price of natural gas has been under pressure in recent times, especially when the Russian-Ukrainian conflict broke out and reached over 200 euros/MWh. It is expected that, next June, it will be quoted at more than 72 euros per megawatt hour in the Iberian operator (Mibgas), so Compromiso Gas Industrial would mean a significant saving per MWh.The president of Naturgy, Francisco Reynés, said that with this initiative the company wants to "contribute to improving the competitiveness of Spanish companies, improving visibility and reducing their exposure to the volatility of international energy prices". And he added: "We have already done this on previous occasions, and it is a demonstration of our commitment to customers and to society".With this commitment, the energy company reissues, now in gas, an action it already launched for electricity, in early September 2021. At that time, Naturgy deployed the "Light Commitment Initiative", a pioneer in the sector, to mitigate the effects of high electricity pool prices. This has meant the sale of all its infra-marginal generation (equivalent to the consumption of four million households), below the 67 euros/MWh set by the Government.On the other hand, the company has also launched "Naturgy Solar", an initiative to promote self-consumption in all market segments. Specifically, it is a comprehensive solution to facilitate the installation of photovoltaic panels, aimed at individuals, homeowners' associations, SMEs and companies. With this proposal, the energy company indicated that "it wants to contribute to the objectives of decarbonization, providing its customers with access to clean and renewable energy that also helps to reduce their electricity bill through the installation of panels and batteries, as well as the competitive prices that the company offers for the purchase of surpluses".Naturgy wants to boost its role in the energy transition and decarbonization, with the ambitious goal of achieving emissions neutrality by 2050 and an installed capacity of renewable sources close to 60% of its energy mix.The energy multinational plans to invest 14,000 million euros by 2025, of which approximately two thirds will be dedicated to boosting renewable energy generation, to go from the current 5.2 gigawatts in operation to more than 14 gigawatts expected to be operational by December 2025.

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