From electricity to tolls, via wages and pensions: what has changed?

From electricity to tolls, via wages and pensions: what has changed?

O The year 2023 brought some changes that will have an impact on the portfolio of Portuguese households. There are changes in salaries and pensions, but there is also a general increase in the prices consumers will pay for the services they use every day.

price increases

Electricity

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

At the liberalized marketa EDP ​​Commercial announced that starting today it will increase residential electricity bills by an average of about 3%, reflecting the volatility of energy purchase costs.

In turn the endesa plans to keep the total value of customers’ electricity bills in 2023, starting to include the cost of the Iberian Mechanism but reducing electricity prices, the company warned in a note to customers. THE Iberdrola informed that customers’ electricity bills will decrease by an average of 15% this year, pointing out that this reduction “applies to energy components and access costs”. THE gallop will reduce electricity bills by about 11% on average from the beginning of 2023, an official source told Lusa.

Gas

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 said it has updated “the price of the electricity”. regulated marketat an additional two euros per MWh, with effect from 1 January 2023″.

lace

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.

toll

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”. 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”.

Transport

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.

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.

Telecommunications

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.

Bread

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.

inspections

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. On heavy vehicles, the inspection rate will increase from the current EUR 38.69 (excluding VAT) to EUR 41.60 from today.

Salaries and pensions

National minimum wage

The national minimum wage will increase by 55 euros, from 705 euros to 760 euros gross. This increase was negotiated in the income agreement signed in October between the employers’ federations and the UGT (the CGTP has not signed up).

The government says it wants the minimum wage to be 900 euros by the end of the legislature (2026).

Salaries of civil servants

increases 52 euros the salary of public administration employees who earn up to about 2,600 euros per month. Above this salary amount, the increase is 2% (over 52 euros.

The value of the meal allowance for 5.20 euros (already paid at that amount since October).

Wages in the private sector

Private sector wages are not regulated by the government, with the exception of the minimum wage (set at €760 in 2023).

In the income agreement concluded between the social partners, a wage increase of 5.1% in 2023. Wage increases for employees earning above the minimum wage, however, depend on company decisions or collective agreements, so vary from case to case.

Pensions

The pensions will increases between 4.83% and 3.89%, depending on the value. also the Social Support Index (IAS) up 8.4% up to 480.43 euros.

With this update, pensions up to 960 euros (two IAS) increase by 4.83% and pensions between 960 euros and six IAS by 4.49%. Pensions above six IAS are increased by 3.89%.

A pensioner with a pension of which the current value is 440 euros will receive 461.25 euros from January. A pension of 500 euros will receive an increase of approximately 24 euros. A pension of 1,300 euros will rise to 1,358.37 euros in January.

The pension update is lower than what would result from the formula provided for in the law – which takes into account the average inflation without a known home on November 30 and the growth of the Gross Domestic Product (GDP) -, supplemented by the additional payment of a value which is equivalent to half board and which was already made available in October. This government decision was highly controversial and criticized.

home improvement

The statutory retirement age is laid down in the 66 years and four months (less three months compared to 2021).

In 2023, the application for early retirement has a lower penalty: the sustainability factor is 0.8617, which means a discount of 13.8%. This penalty applies to pensions whose payment commences before the statutory retirement age, with exceptions provided for by law. These pensions are also subject to a reduction of 0.5% for each month of prepayment, in relation to the statutory retirement age.

Families “pay IRS 2,000 million less than with 2015 rules”

The Prime Minister, António Costa, stated that with the Tax cut in 2023 families “will pay 2 billion less than with the 2015 rules”, also pointing to the increase in the minimum wage and the updating of pensions.

Via the social network Twitter, António Costa reported on a series of changes that will take effect in early 2023, under the motto “#We Promise We Fulfill”.

Read also: From minimum wage to pension, this will change in the coming year

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