Electricity prices in 2024. The Sejm published the decision

On Thursday, by a decision of Members, the Act on maximum energy prices for households and susceptible consumers was adopted. This is simply a step to introduce price constraints on electricity and keep current price protection. However, what does this mean for average consumers? How long will they be protected and for how long?

The fresh Act, tabled by Polish Members 2050-TD and KO, provides for the extension of the maximum energy prices for households until mid-2024. The price limit of PLN 412 per net MWh was maintained at the current consumption level, with a simplification of 50%. These rules are expected to apply for the next six months. According to the fresh findings, the energy consumption limits will be 1500 kWh for households, 1800 kWh for people with disabilities, and for farmers and families with a Large household Charter – 2000 kWh.

However, exceeding these limits will consequence in a higher maximum price of PLN 693 per MWh. The fresh government covers not only households, but besides local governments, public utility entities, farmers, tiny and medium-sized entrepreneurs, as well as municipal companies managing sports facilities. The task besides takes into account current regulations on gas and heat price reduction.

The vote on this bill ended with 247 votes in favour, 1 against and 197 abstentions. Now the bill will go to the Senate, where the committee of the economy plans to address the subject as early as Friday morning.

It is besides worth mentioning the conclusions that reached the Energy Regulatory Office in October. 4 companies proposed to increase their energy tariffs in 2024. According to these proposals, electricity tariffs would increase by 76% and gas tariffs would increase by 48%. This information was presented by Mr Marek Sowa in the Sejm, presenting a study on the work of the committee on the draft law to frost the tariffs for next year.

Many discussions accompany this process and changes in energy price regulation have a crucial impact on household budgets and business activities. The legislature will be the next phase of this debate, and decisions taken now will have crucial consequences for all stakeholders in this area.

Unguarded inflation immediately up

mBank analysts forecast that if there were no peculiar shielding solutions in the coming year and the Energy Regulatory Authority (URE) agreed to specified tariffs, inflation would immediately jump by 2 percent points. Currently, according to the fast estimation of the Central Statistical Office published at the end of November, inflation in November was 6.5%, which represents a slight decrease compared to October, erstwhile the price increase reached 6.6%.

Ignacy Michałowski

OSINT investigator with experience in global journalism projects. It has been publishing materials for over 20 years for the largest releases. In social activities he engaged in various projects and initiatives aimed at improving the quality of life of people, especially those of mediocre communities. He was besides active in the fight for human rights. Contact: [email protected]