Pricing for guaranteed electricity supply in May has been revealed
The Postedia estimates guaranteed supply will cost 16.89 cents in May on the “Standard” single time zone plan, nearly 3 cents cheaper than April’s 19.87 cents. The service is now the cheapest since June 2021, when it cost 16.3 cents per kWh.
The bill for 150 kWh for the guaranteed supply will be 25.34 euros in May (it would be 29.8 euros in April).
Prices in recent months:
Prices for several other guaranteed supply plans in May:
The “Standard” plan will have a daytime dual-time rate of 18.1 cents and night and weekend rates of 14.11 cents per kWh. The “Home” package will cost 15.32 cents for one time zone, 16.29 cents the daily rate for two time zones, and 13.14 cents per kWh at night and on weekends (the additional component amounts to 3 euros per month).
The guaranteed supply price is calculated by adding 15% to the previous month’s trade-in price. markup, VAT and other ingredients.
The price of electricity on the “Nord Pool” exchange, in the Lithuanian tariff zone, fell by 24.1% in April compared to March. and amounted to 6.73 cents per kWh (excluding VAT). In March, it cost 8.87 cents per kWh. The April stock market price is the lowest in almost two years – the cheapest electricity price on the market was in May 2021 (5.04 cents per kWh).
Below we present an indicative comparison of electricity prices with independent suppliers. The calculations for their “stocks” plans were made using the average stock price for April with 21%. VAT and surcharges published by suppliers and state contributions.
The results of their own calculations may be different, as they may be based on stock market averages over several months. Therefore, when making specific decisions, we recommend that you ask the suppliers themselves for the prices.
Comparison of Secured Sourcing and Independent Vendor Plans:
Some third-party providers publish preliminary current prices for trade-in plans. For example, “Elektrum Lietuva” indicates 20.798, and “EGTO energija” – 20.66 cents per kWh. At that time, the guaranteed supply price in April is 19.87 cents per kWh. So the difference is about 1 cent or less.
It can be predicted that if the monthly average price of the exchange jumps to 15 cents per kWh (excluding VAT), the guaranteed supply will be more difficult to compete with the exchange plans of the independent suppliers and the gap with them would be greater. .
In any event, neither supplier exchange plans nor guaranteed supply have for some time required compensation from the state, which has an upper lower limit of 28 cents per kWh.
“Energijos skirmish operatorius” (ESO), which is responsible for the guaranteed supply, comments to The Postedia that he nevertheless sees a downward trend in the number of users of this service. In April they were 45,000 and are expected to decrease to 44,500 in May.
“We expect the downward trend to continue in May this year and that number will reach around 44,500,” the operator says.
In the infographic – the evolution of the number of users:
Guaranteed supply applies to residents who belong to the first or second stage of the liberalization of the electricity supply market, but who have not chosen an electricity supplier, or whose supplier does not fulfill not its obligations.
According to the law, the distribution network operator has the right after 6 months. to terminate the supply of the guaranteed supply service to consumers. So far, no such disconnects have been reported, and ESO recently announced that it has no plans to impose such penalties, at least in the near future.
Source: The Delfi
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