Electricity and gas bills, families will save up to 1,600 euros this year – Corriere.it
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From 350 euros per megawatt hour reached as an all-time record on 19 August 2022 to 23 euros/MWh reached on 1 June 2023. The price of gas is no longer a problem, at least for now. The quotations on the European reference market – the Amsterdam TTF – to which those of the Italian Psv market (26.9 euro/MWh) taken as a reference by the Arera Authority to establish the tariffs are also linked, have returned to almost normal levels, that is, at pre-Covid levels. The drop in price has now been a constant since December 2022.The cost of gas is currently back to the levels of early summer 2021, when the rally caused by a drop in investment began, which was exacerbated by the Russian attack on Ukraine. Even the single price (Pun) on the Italian electricity exchange towards the end of May returned below 100 euro/MWh on working days for the first time since August 2021. Compared to the pre-crisis values of 2019 (we exclude from the comparison the historic lows of 2020 caused since the Covid pandemic) both the TTF and the PUN are still at higher values than at the end of May 2019.
Bills, a thousand euros less than gas
Falling natural gas and electricity prices on the wholesale markets have also brought down utility bills. But by how much? What savings (taking into account that it is a saving compared to the high levels of 2022) can Italian families aspire to? The benefit this year compared to the records of 2022 will be felt. For Italian families remaining in the protected market (the one in which the tariffs are established by the Arera and precisely because they are regulated they are known, while those on the free market vary according to the supplier company)calculates Staffetta Quotidiana, the savings currently estimated at around 1,000 euros per year. In the winter months of the first quarter of 2023, the typical family in protection service has already paid more than 300 euros less for gas than in the same period of 2022 and only around thirty euros more than in the first quarter of 2019 (albeit with the aid of public discounts). If for the rest of the year we assume gas prices such as those currently expected on the futures markets, which predict a recovery from autumn (+40%), and taking into account the seasonality of domestic consumption, concentrated for three quarters in the first and fourth quarter of the year, savings for the entire year 2023 rise to 5-600 euros and can reach 700-800, but only assuming a further drop in prices.
Light, savings of 600 euros
As far as electricity is concerned, for families in enhanced protection the year started with values that were still very high in the first quarter, then dropped sharply in the second. Looking at forward quotations and imagining a trend on the wholesale markets similar to that of gas, the savings over the year can be estimated at current values at another 500-600 euros for the typical family. Given these prospects, be careful: only 32% of households remained under protection in the electricity sector and 31% in the gas sector. And the protected market is destined to disappear: the law requires that in January 2024 all consumers (with the exception of fragile ones) will have to switch to the free market.
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