1 de junho TAReia antecipada – As implicações do anúncio.

Summary

Óscar Felgueiras discusses the recent announcement by Enade, Portugal's energy regulator, revealing a 35.6 EUR/MWh increase in network access tariffs effective from June 1st instead of July 1st. This rise, following a pattern of low market prices impacting electricity tariffs, is attributed to historical contracts with renewable energy producers. The new tariffs are expected to be finalized by mid-May, with potential implications for both regulated and market-indexed tariffs. EDP's announcement of a 10% decrease in energy costs amidst these changes adds a layer of complexity to the upcoming adjustments in electricity pricing.

Takeaways

• 📈 The energy regulator, Enade, has announced a significant increase in network access tariffs by 35.6 EUR per MWh, effective from June 1st instead of the usual July 1st.
• 🕒 The increase is set against a backdrop of historically low market prices, which have a visible impact on electricity tariffs and is part of a trend since 2022.
• 📊 The provisional proposal suggests that the final decision will be announced by mid-May, with the new tariffs fixed until the end of the year.
• 💹 The main reason for the increase is the market prices being significantly below the anticipated value in December, impacting the remuneration for renewable energy producers.
• 🔗 Low market prices lead to higher costs for guaranteed remuneration of renewable energy producers, which is then covered by network access tariffs.
• 📊 The exact value of the new network access tariffs is expected to be around 101.8 EUR per MWh from June, closely aligning with the 2020 figures.
• 💼 The impact on different electricity tariffs includes a 0.1% decrease for the regulated tariff, while the social tariff component remains unclear on how it will be implemented.
• 📉 For market-indexed customers, the increase in network access tariffs will likely be reflected in their bills, with no room for the profit margin of suppliers to accommodate the increase.
• 📉 EDP has announced a 10% decrease in its energy component, coinciding with the new network access tariffs, possibly indicating a strategy to stay competitive.
• ⏱️ Consumers should be vigilant from mid-May onwards as the final values of network access tariffs will be known, defining the electricity landscape for the second half of the year.

Q & A

Who is Óscar Felgueiras and what is his focus in the script?

Óscar Felgueiras is the speaker in the script, and his focus is on discussing the recent announcement by Enade, the energy services regulator, regarding the increase in network access tariffs.

What is the announced increase in network access tariffs according to the script?

The network access tariffs are set to increase globally by 35.6 EUR per MWh, effective from June 1st instead of the usual July 1st.

Why is there an anticipated increase in tariffs despite historically low market prices?

The increase is due to the fact that market prices are significantly below the anticipated value, which impacts the electricity tariffs. Low market prices mean that the cost with guaranteed remuneration for renewable energy producers increases, which is then covered by the network access tariffs.

What is the provisional nature of the proposed increase mentioned in the script?

The proposed increase is still provisional, and the final decision is expected to be announced by Enade in mid-May, which is the usual lead time before the new tariffs take effect on June 1st.

What is the average guaranteed remuneration for renewable energy producers as per historical contracts?

The average guaranteed remuneration for renewable energy producers under historical contracts is 102 EUR per MWh, which represents about 1/3 of the national consumption.

How does the low market price affect the network access tariffs?

When the market price is below the value of these historical contracts, the difference is paid through the network access tariffs, leading to an increase in these tariffs.

What is the estimated cost of the new network access tariffs starting from June according to the script?

The estimated cost of the new network access tariffs starting from June is 101.8 EUR per MWh.

How does the new increase in network access tariffs compare to the previous year's rates?

The new increase is likely to result in a rate slightly below that of 2020, which was 7.28 c per kWh, possibly settling around 7 ctim per kWh, indicating a rise of slightly less than 35% per kWh.

What is the impact of the increase on the regulated tariff chosen by over 900,000 consumers?

For the regulated tariff, the final price is announced to decrease by 0.1%, which may not be sufficient to cover the increase in the cost of the social tariff, which is fixed at 0.2893 c per kWh.

How will the increase in network access tariffs affect customers on indexed tariffs?

For customers on indexed tariffs, there is little doubt that the increase in network access tariffs will be reflected in their bills, as the profit margins of the commercializers do not allow for accommodation of this increase.

What is the potential impact on fixed tariffs and what does EDP announce regarding their energy component?

For fixed tariffs, there will likely be increases in the majority of cases, but there might be exceptions. EDP has announced a 10% decrease in their energy component, coinciding with the new network access tariffs, and it is likely they will announce a larger decrease to not exceed the cost of the regulated tariff.

What does the ERS plan to improve in terms of tariff review mechanisms?

The ERS plans to improve the tariff review mechanism to allow for simultaneous and automatic adjustments of both energy tariffs and network access tariffs.