Despite a general decrease in wholesale energy prices, gas and electricity retail prices continued to grow in 2013, although at a slower pace than in previous years. On average, the electricity bill for households increased by 4.4% while gas prices rose by 2.7%. The latest Market Monitoring Report presented today in Brussels by the EU Agency for the Cooperation of Energy Regulators (ACER) and the Council of European Energy Regulators (CEER) identifies a vicious circle in many Member States wherein a lack of competition results in low switching rates, which is sometimes used to justify regulated tariffs which, in turn, can hamper competition.
In order to break that trend, Alberto Pototschnig ACER Director advocated “the removal of barriers to entry into retail markets by fully implementing the Third Energy Legislative Package, adopting the network codes and phasing out regulated prices for non-vulnerable customers as soon as possible”. Find out more here.
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ACER Market Monitoring Report 2014 - Why Is The Decrease In Wholesale Energy Prices Not Reflected In Retail Prices?
Date 22/10/2014