From electricity to bread: the new year brings general price increases – Society

From electricity to bread: the new year brings general price increases - Society

The year starting this Sunday will be marked by the general increase in prices that consumers will pay for the services they use every day, with inflation reaching 9.9% in November.

Electricity will increase for those in the regulated market, but also for some customers who have moved to the liberalized market, under pressure from the prices of natural gas used to produce electricity.

Tolls also record increases, as do rents, although capped by the government taking into account the impact of inflation on these prices.

The known price updates for this year are as follows:

The price of electricity on the regulated market increases by 1.6% in January 2023, compared to December, with an increase of up to 3.3% compared to this year’s average, higher values ​​than those proposed in October, ERSE announced – Entidade Energy Services Regulator on .

According to data published by ERSE, this increase increases the average monthly bill, from January 2023, for a couple without children (power 3.45 kVA, consumption 1900 kWh/year) by 0.54 euros, and for a couple with two children ( capacity 6.9 kVA, consumption 5,000 kWh/year) costs 1.41 euros.

In the liberalized market, EDP Comercial announced that from this Sunday it will increase the electricity bill of residential customers by an average of about 3%, due to the volatility of energy purchase costs.

For its part, Endesa expects to maintain the global value of customers’ electricity bills through 2023, with the cost of the Iberian Mechanism starting to roll but electricity prices falling, the company warned in a note to customers.

Iberdrola reported that customers’ electricity bills will fall by an average of 15% this year, noting that this reduction “applies to energy components and access costs”. “Of course taxes, fees and other values ​​determined by the state” are excluded, Iberdrola added in a statement.

Galp will cut electricity bills by about 11% on average from early 2023, an official source told Lusa. So, according to the same source, “for an average consumption of a typical family with two children, the most common in Galp’s customer portfolio, this update will translate into an average decrease of 3.5 euros to 6 euros” per month.

Natural gas bills will rise about 3% from this month for the most representative customers in the regulated market, following a variance in purchase price forecasts, ERSE announced.

In a statement, the entity says it has “updated the price of the energy tariff on the regulated market by an additional two euros per MWh as of January 1, 2023”.

For example, as of this month, the average monthly bill for a couple without children (1st consumption scale, consumption 1,610 kWh/year) will increase by 0.33 euros and for a couple with two children (2nd consumption scale, consumption 3,407 kWh/year) will increase by 0. .70 euros.

For its part, Galp indicated that for its customers “the natural gas bill will remain unchanged in the first three months of 2022”.

Rents can only rise by a maximum of 2% from January, after the government published a law to that effect in Diário da República in October, as part of measures to mitigate the effects of price increases.

Under the terms of Law No. 19/2022, “during the calendar year 2023, the annual rent update coefficient for the different types of leases provided for in Article 24 of Law No. 6/2006 of February 27”, with the coefficient in force in the different types of urban and rural leases, being 1.02, “without prejudice to any different term between the parties”.

Nevertheless, the rent review coefficient for 2023 (1.02) is the highest of the past nine years. A coefficient of 1.0043 was applied in 2022 and 0.9997 in 2021.

The toll will increase by 4.9% from this month, the then Minister of Infrastructure announced, given the solution that was possible to achieve “balanced”.

“It was clear to us that an increase of 9.5% and 10.5% was unbearable, but there are also contracts and responsibilities and we tried to find a balanced solution that would allow a smaller increase,” says Pedro Nuno Santos , who has meanwhile retired from the government.

Thus, from this Sunday, tolls will increase by 4.9% in the amount borne by users. Above this amount, the former governor explained, “2.8% will be the responsibility of the state and the rest, up to 9.5% or 10.5%, will be borne by the concessionaires”.

This solution comes from a “sharing of responsibilities” and prevents the price of tolls from the concession contracts from increasing by 9.5% and 10.5% in 2023, due to the current context of high inflation.

The Mobility and Transport Authority (AMT) announced in October that the planned update of the transport tariff was 6.11%, recalling that its maximum value is the average percentage change of the consumer price index, excluding housing, in the 12 months between October 2021 and September 2022, or zero if this percentage is negative.

However, he emphasized in a note published on his ‘site’, for 2023, “in the current macroeconomic context, taking into account the rate of inflation, the Council of Ministers Resolution No. 74-A/2022 of September 6 , and without prejudice to the respective allowances to be granted by the competent transport authorities”, the “no increase in ‘public transport cards'” and “maintaining, during that year, the rate for CP tickets applicable in 2022” referring to regular services, i.e. the fare increase of 6.11%, can only be applied “to tickets and fares for occasional services”.

For example, Navegante fare passes and occasional Carris Metropolitana tickets in 2023 will retain the prices used this year.

Incidental tickets for the intermodal Andante fare in the Porto Metropolitan Area (AMP) will increase on average by 1% from January, according to Transportes Intermodals do Porto (TIP). Monthly subscriptions are not increased.

Altice Portugal, which owns Meo, will update prices from February, excluding customers who have fixed voice only and retirees on a retired plan from this increase, the executive president told Lusa.

The position of the other operators is not yet known.

The price of bread is expected to rise again in 2023, due to the increase in the cost of raw materials and energy, but also due to the update of the national minimum wage, ACIP told Lusa.

“Much will depend on the variation in the prices of raw materials and energy, but it is very likely to increase, also due to the impact of the increase in the minimum wage,” predicted the direction of the Association of Trade and Bakery Industry (ACIP). ), in response to the Portuguese.

According to the association, only part of the increases are reflected in the price paid by consumers, the rest being borne by producers who have in turn seen a fall in profit margins.

The rates for technical vehicle inspections will also increase in 2023, from the current EUR 25.85 to EUR 27.80 for light vehicles and from EUR 13.02 to EUR 14 for motorcycles, plus VAT.

In heavy vehicles, the inspection rate will increase from the current 38.69 euros (excluding VAT) to 41.60 euros from this Sunday.

The increase in fares next year is due to inflation, the Mobility and Transport Institute (IMT) argued in a decision published in Diário da República, in which it claims to have taken into account the latest update of the consumer price index, carried out in mid-December published and referring to November, resulting in an average annual rate of change (excluding housing) of 7.53%.