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An energy voucher won’t help? mBank estimated increases in electricity bills

2024-04-17 10:16, akt.2024-04-17 10:56

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2024-04-17 10:16

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2024-04-17 10:56

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After the adoption of the Energy Voucher Act, electricity bills will increase by 11-13%, and the increase in the energy category will amount to 4%. – say mBank analysts. In turn, ING experts claim that electricity bills will increase by 13 percent, adding 0.6 percentage points to inflation.

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The assumptions of the energy voucher act were presented on Tuesday. It is to include provisions under which in the second half of 2024 the maximum price of electricity for farms will be PLN 500 per MWh.

“The currently applicable maximum net price is PLN 412, which means an increase in prices by approximately 21 percent for energy alone. Assuming that the share of this component in the total bill is 50-60 percent, then we can calculate (assuming no changes in other costs) that the total bill will increase by 11-13 percent. – they wrote in the report.

“An increase of this scale will translate into an increase in the entire energy category by just over 4 percent. The scale of the increase is consistent with our assumptions and therefore does not affect the current path of projected inflation in 2024,” they added.

ING: Electricity bills will increase by 13%, adding 0.6 percentage points to inflation.

“At this stage, the project is still general, but it confirms our previous expectations that there will be no sudden increase in energy prices for households in the second half of 2024. We estimate that an increase in the price of active energy to PLN 500/MWh will increase electricity bills by approx. 13 percent (assuming no changes in distribution fees), adding approximately 0.6 percentage points to inflation,” they wrote.

“Our current scenario assumed an increase in the electricity bill by 15%. The final scale of the impact of changes in energy prices for households on inflation will also depend on the amount and structure of the so-called “energy voucher” and the decision on the amount of distribution fees,” they added.

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