Arera power and gas tariff trend

Periodic Adjustment of Tariffs for Protected Services

Electricity Supply Tariffs

According to ARERA data for electricity, price projections for the third quarter of 2024 indicate an increase, with the National Single Price (PUN) expected to be around 109 €/MWh. This represents an increase compared to previous quarters, reflecting a change in market conditions.

In terms of economic impact for customers, in the rolling year (October 1, 2023 - September 30, 2024)¹, an expenditure of approximately 514 euros is expected for a typical customer², marking a 41.1% increase compared to the previous year, but still below recent crisis peaks.

Conditions for Transition to Gradual Protection Service: From July 1, all non-vulnerable customers served under the Greater Protection service have been automatically transferred to the Gradual Protection Service, with the supplier selected through an auction in that area. This transitional service will be active for just under three years (until March 31, 2027), after which, in the absence of an explicit choice, customers will continue to be supplied by the same seller on the free market.

Updates for Vulnerable Customers: ARERA will continue to monitor and update the economic conditions of the Greater Protection service quarterly for vulnerable customers, including tariff updates as provided for by Decree-law 181/23 for energy security. The typical family has an average annual electricity consumption of 2,700 kWh and a committed power of 3 kW.

[1] The rolling year includes the quarter subject to the update and the three previous quarters, considering the consumption associated with each quarter.

[2] The typical customer consumes an average of 2,000 kWh of electricity per year and has a committed power of 3 kW.

Quarterly variations of the economic protection conditions for power (ARERA data)

Natural gas supply tariffs

Starting from January 2024, the gas protection service has been replaced by the vulnerability protection service, intended solely for vulnerable domestic customers.

From January 2024, the Authority, following the same timing and methods as in previous months, publishes on its website the gas price component covering procurement costs, applied to customers under the vulnerability protection service. The gas price component covering procurement costs (CMEM, m), applied to customers under the vulnerability protection service, is updated by ARERA as the monthly average price on the Italian wholesale market (the PSV day ahead) and published within the first 2 working days of the following month.

For the month of May, which saw wholesale prices rise compared to those recorded in March, the price of the gas raw material (CMEM, m), for customers in the vulnerability protection service, is 32.99 €/MWh.

It is reminded that for gas, as well as for heat management and district heating, normal VAT rates have been reinstated for all customers since January.

Value of the raw material of the Vulnerability Protection Service

(**) for supplies of natural gas with a reference higher heating value equal to 0.038520 GJ/Smc