Home » Business » Gas and electricity price increases: how much will we pay from October? Mind-boggling figures

Gas and electricity price increases: how much will we pay from October? Mind-boggling figures

The severe energy crisis that we are going through will have unavoidable repercussions on our bills starting this fall.

But how much will we pay from October for gas and electricity utilities? They seem to be mind-boggling figures. Let’s read the details.

increase in bills-solofinanza.it

Gas and electricity bills? How much will we spend this fall? The figures

Speculation however, it is certainly an uncontrollable factor on both the international and national market that leads suppliers to increase prices more than is actually necessary on the basis of raw material costs. It affects a lot and perhaps a lot also current socio-political situation.

With the Ukrainian war increasingly involving the West politically, socially and militarily. Without forgetting another ongoing crisis, which is the environmental one, which caused the record dryness of the Po and in general a lower hydroelectric production due to the persistent drought.

The higher the wholesale prices, the higher the protected prices are. Codacons defines them as a “massacre”: an extraordinary intervention byIt is feedingRegulatory Authority for Energy, Networks and the Environment – effectively prevented the price paid by the typical family in protection for electricity from doubling limiting the increase to + 59%. The official communication reads:

“The Authority, to further limit price increases on households and businesses, has decided to exceptionally postpone the necessary recovery of the difference between the prices budgeted for the last quarter and the real costs that have occurredalso characterized by extraordinarily high increases “.

From October exorbitant figures are expected for electricity and gas bills

October price increases
bills-solofinanza.it
  • Typical household electricity bill 2020: 542 euros
  • Electricity bill type 2021: 632 euros
  • Electricity bill type 2022: 1,322 euros

From 1 October: reference price for electricity: 66.01 euro cents / KWh including taxes:

  • 53.45 euro cents (81%) procurement costs
  • 1.91 euro cents (2.9%) retail marketing
  • 3.85 euro cents (5.8%) distribution, metering, transport, transmission equalization and distribution services
  • 0 euro cents (0%) system charges
  • 6.80 euro cents (10.3%) taxes (VAT and excise duties)

And how much will the gas bills reach?

Different speech for the gassince the new calculation method provides that the price for protected customers must be updated at the end of each month on the basis of the average of the actual prices of the Italian wholesale market. This will serve – says the Arera – not so much to reduce “the exceptional levels of market prices “how much rather for “Making supplies to consumers safer”. For this reason, billing can become monthly, if the seller’s systems allow it.

Gas prices can be checked:

  • on the arera.it website
  • within 2 working days from the beginning of the following month

Both for gas and for electricity Arera asked the Government for an extension of the protected market beyond the deadline set for January 2023.

  • components of the general system charges cleared for gas and energy
  • negative component application UG2 to the advantage of gas consumption up to 5,000 cubic meters / year
  • VAT reduction on gas at 5%
  • strengthening electricity and gas bonus for families with ISEE up to € 12,000.

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