Electricity suppliers are set to announce their lowest retail prices since the introduction of new pricing rules last August when they announce this coming December’s prices on November 20, barring unexpected market developments over the coming days.
The new rules require electricity suppliers to announce each forthcoming month’s prices by the 20th of the preceding month.
Retail electricity prices in November fell to less than 40 cents per KWh for the category concerning low-voltage consumption of up to 500 KWh per month, a bracket carrying the bulk of consumers. December’s prices are expected to fall even lower, to less than 35 cents per KWh.
This price reduction will not result in any benefits for consumers. But the state, keeping the cost of retail electricity at 15 to 16 cents per KWh, will benefit as it will be able to maintain this desired price level through smaller contributions.
Like in November, no state budget money will be needed for energy subsidies offered by the government, meaning it will have some leeway to subsidize other sectors, most probably auto fuel, once again on the rise.
Electricity subsidies will be entirely covered by windfall earnings of electricity producers injected into the Energy Transition Fund.
Electricity subsidies for December are expected to be trimmed to around 19 to 20 cents per KWh, which, under current conditions, would keep retail electricity prices at 15 to 16 cents per KWh.