Prices will rise (we already know this)

Prices will rise (we already know this)

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 2023 are as follows:

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, ERSE – Entidade Reguladora dos Serviços Energéticos announced.

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 1,900 kWh/year) by 0.54 euros, and for a couple with two children ( power 6.9 kVA, consumption 5,000 kWh/year) costs 1.41 euros.

At the liberalized marketEDP ​​Comercial announced that it will increase the value of electricity bills for residential customers by an average of approximately 3% from January 1, reflecting 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% in 2023, 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.

Gas

Natural gas bills will increase by about 3% from January for the most representative customers in the regulated market after a deviation from expected purchase prices, 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, from January 2023, the average monthly bill for a couple without children (1st consumption level, consumption 1,610 kWh/year) will increase by 0.33 euros and for a couple with two children (2nd consumption level, 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”.

lace

the lace from January onwards can only rise by 2%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.

toll

the toll goes increase of 4.9% from Januarythe 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,” said Minister Pedro Nuno Santos.

For example, from January 1, 2023, tolls will increase by 4.9% in the amount borne by users. Above this amount, the government official specified, “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.

Transport

The Mobility and Transport Authority (AMT) announced this in October planned transport rate update was 6.11%bearing in mind that it has as maximum value the average percentage change of the Consumer Price Index, excluding housing, in the 12 months between October 2021 and September 2022, or 0 when this percentage is negative.

However, he stressed in a note published on his ‘site’, for 2023, “in the current macroeconomic context, taking into account the rate of inflation, the resolution of the Council of Ministers n.º 74-A/2022, of 6 September , and without prejudice to the respective compensations 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 6.11% fare increase, can only be applied “on tickets and occasional fares”.

For example, Navegante fare passes and occasional Carris Metropolitana tickets in 2023 will retain the prices applied 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 energybut also impacted by the national minimum wage update, 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.

Read also: Houses are more expensive. In the 3rd quarter, prices increased by 13.1%

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