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    Electricity price in the regulated market drops on April 1st

    March 16, 2023 - CE Noticias Financieras


      The price of the regulated market energy tariff in the electricity sector will fall by five euros per megawatt-hour (MWh) from 1 April, ERSE - Energy Services Regulatory Authority - said on Wednesday.

      According to the regulator, this update will result in "a reduction of approximately 3% in the average monthly electricity bill" for "most domestic customers.

      In a statement, ERSE says that in the periodic review of the "adequacy of the energy tariff of the regulated market,

      vis-à-vis the acquisition costs considered for the Supplier of Last Resort (LRS)" a deviation "of ±10 EUR/MWh was verified in relation to the acquisition cost initially forecast.

      Thus, it says, "the Energy tariff is updated by ±5 EUR/MWh".

      "For 2023, the update of the LRS acquisition cost forecast points to a deviation of - 73.04 EUR/MWh compared to the implicit forecast in the Energy tariff prices in force until March".

      With this update, notes ERSE, the 3.3% increase in the Normal Low Voltage tariff announced for this

      year, will only be 1% in 2023 compared to 2022.

      According to the regulator, consumers in the regulated market represent about 7.5% of total consumption and totaled nearly 988,000 customers in January.


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