Gas and electricity bills will increase in the third quarter of 2018
Price increases for gas and electricity come into effect as of 1 July 2018, according to the announcement by the Autorità di Regolazione per Energia Reti e Ambiente – ARERA [Regulatory Authority for Energy Networks and the Environment]. The increase concerns customers of both the free market and the protected market, and will affect prices in July, August and September. The increased price of gas and electricity is due to rises in the price of oil, which has gone up by 57% in the last twelve months, and 9% in May alone.
The cost of electricity will go up by 6.5% in the next quarter, as it did in the previous quarter. The price of natural gas will go up by 8.2%, but will have less impact on household budgets due to the lower levels of gas consumption during the summer months. After the increase, the basic price of electricity for a typical household with an annual consumption of 2,700kW and connection capacity of 3kW will be 20.22 euro cents per kW/h, including taxes. Compared to the previous quarter, the cost of electricity has increased by 1.24 euro cents; in the period April - June 2018, the raw material cost was 18.98 euro cents per kW/h.
For a typical household, the annual cost of electricity between 1 October 2017 and 30 September is calculated at 537 euros, an increase of 24 euros (+4.8%) compared to the previous one year period.
Why choose one of Enel Energia's free-market options?
To avoid the quarterly changes planned for the protected market, choose a free market option that freezes the price of electricity for the entire duration of the contract (normally 12 months), and avoid the fluctuations in price for electricity consumption caused by increases in the cost of oil and other non-economic factors. The other components of the price, however, are applied as established and amended by the Authority.
Enel Energia's free market options include E-Light, an online option with Enel Energia’s lowest ever electricity price frozen for one year. With E-Light you'll receive your bill by email, eliminating paper waste.
Alternatively, with the Enel Energia GiustaPerTe option, the price of electricity is reduced by 100% for the first month, and a single price will be charged for both daytime and night time consumption. With the GiustaPerTe option there are no restrictions on the amount of electricity you consume, and as with E-Light you can choose to receive your bill via email.
With Enel Energia's free-market options you can freeze the price you pay for electricity and safeguard against market fluctuations. Enel Energia will inform you of the new price for the following 12 months before your contract expires.