Energy accuracy: New measures in progress – What will happen to gas

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An alarm has been sounded in the government after yesterday’s announcements about inflation, which point to the huge price increases in energy products as the main culprit for the jump in the index.

This fact, combined with the maintenance of high prices at the international level and the finding that the measures already taken by the government do not cover households and businesses, seem to be launching developments to take additional support measures.

It is characteristic that the price of natural gas, which at the end of November had decreased to the level of 85 euros / MWh, has again exceeded 100 euros / MWh. At the same time, carbon dioxide emissions continue to skyrocket to 90 euros / tonne, a new record.

Across Europe, wholesale electricity prices continue to be high above 200 euros / MWh with the highest price recorded in Switzerland (270.25 euros / MWh), followed by Italy (256.32 euros / MWh ), France (EUR 247.19 / MWh), Serbia (EUR 246.45x / MWh), Croatia and Slovenia (EUR 244.25 / MWh). In Greece for today the price is 231.83 euros / MWh, while so far in December the average price is 226.99 euros / MWh, having fallen slightly from the high of November.

Doubling the discount from DEPA

According to Kathimerini, DEPA intends to double the discount on gas bills to 30% in December from 15% in November.

DEPA, in collaboration with the political leadership of the Ministry of Environment and Energy, is examining a scenario for doubling the 15% discount that has already been announced for the two months of November – December, to 30% for December, the publication states.

Of course, the gas suppliers have not yet received instructions from DEPA on how to pass the 15% discount on consumption in November, which according to company cycles will be done within the next fortnight.

It is noted that last month, the price of gas was almost three times + 180.9% compared to the corresponding month last year.

Households and businesses

Meanwhile Amendment tabled Thursday suspends distribution network usage charges for all household gas consumers in November and December. More specifically, the payment of distribution fees to the natural gas bills of domestic consumers is launched for Spring – Summer. It is noted that this move reduces the bill by about 10% during the winter months.

However, consumers should be aware that these the fees are not deleted, but postponed and will be imposed from 2022, when gas prices escalate. The regulation stipulates that household consumers will be able to repay these amounts in four equal monthly installments. The November amounts will be broken in two installments and will be paid within April 2022 and the December amounts will be paid accordingly in May 2022. As amended, the arrangement applies regardless of whether there is any other settlement of the company and the household customer.

Pressures from Industry

The government is also under pressure from the productive actors who are sounding the alarm. In this context, Dimitris Papalexopoulos In a press conference for the presentation of the BSE investment conference entitled Reinventing Greece through investments in innovation, he focused on the issue of energy prices: “For years energy prices have been a thorn, but now we have reached an extreme,” he said. that the government is well on its way to household issues. “We want to believe that it will also support Greek production so that it can respond and remain competitive with other countries that we compete with,” he stressed. He also said that the crisis should not be an alibi to delay the green transition and to create a competitive energy market that will protect all consumers.

In the meantime, Mr. Michalis Stasinopoulos, President of the civil non-profit company “Hellenic Production – Council of Industries for Development”, speaking at the meeting of the Panhellenic Exporters Association on “Exports: Power of Growth and Perspective for Greece” referred, among other things, to the risks to business competitiveness from the rise in international raw material prices, transport costs and, above all, energy costs. “Especially in terms of energy costs, the current situation is unprecedented,” he said, explaining that the domestic manufacturing industry, and especially the Middle East industry, is disproportionately burdened by the current energy crisis, due to its high dependence on natural gas. , but also because European similar companies are covered at the same time and with bilateral contracts at stable competitive prices, which are not yet applied in Greece. In our case, the production costs skyrocket, resulting in risks of production reduction or even suspension of some companies. “These problems must be addressed urgently, considering similar measures adopted by other European countries.”

Also speaking at a relevant event of the Association of Industries of Central Greece, the president of the Association of Industrial Energy Consumers Antonis Kontoleon, He stressed that the price of electricity for industry has quadrupled, while the price of gas has increased fivefold, resulting in an increase in production costs by 20 to 40% depending on the industry.

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