The price of gas bills continues to fall, but not for everyone. Based on the average performance of the Italian wholesale market in February 2023 and consumption in the same month, a typical household will pay its gas bill 13 percent less than in January 2023. Therefore, the data transmitted by Arera confirms the fall in gas prices. , declining for months.
Updated gasoline price: who pays the least?
The cost-of-purchase component (CMEMm) of the gas price applied to customers still in the protected market is updated by Arera as the monthly average of the price in the Italian wholesale market and is published within the first 2 working days. month according to the reference one, so in March to February.
For February, when an even lower average wholesale price was recorded than in January, the price of raw material gas (CMEMm) for customers with contracts under protected terms was EUR 56.87/MWh. This update therefore only concerns the protected market.
As per the Budget Act, in the first three months of 2023, Arera has already removed overall system fees, including gas bills. However, electricity bill prices in Ukraine have not yet reached pre-war levels.
“State of Emergency is not over”
“The energy emergency is by no means over, and compared to the same period in 2021, gas tariffs are now 22.3% more expensive, equivalent to a higher annual expenditure of +221 euros per family.” “The government is dealing a blow,” reads a note from Assoutenti.
“Given the international market gas prices, which have steadily fallen below €50 per megawatt hour over the past month, we undoubtedly expected a more substantial cut in bills,” explains President Furio Truzzi.
“Furthermore, the reset of system fees will end on March 31, leading to a 5 percent increase in gas bills and a 10.7 percent increase in electricity bills from April if this measure is not extended. Italians’ energy bills,’ continues Truzzi. That is why “We ask Prime Minister Giorgia Meloni to intervene by extending the cut in system costs until energy prices return to early 2021 levels”.
Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
