ACER Market Monitoring Report 2015 - Fall in wholesale energy prices still not reflected at retail levelAEM Updates 2015Posted by Adv. Lorenc Gordani, PhD Mon, November 30, 2015 18:33:50
Wholesale energy prices continued to decrease in 2014. This fall had a positive impact on the prices paid by industrial consumers, but often not on the energy bills of residential customers.
According to the latest Market Monitoring Report presented today by the EU Agency for the Cooperation of Energy Regulators (ACER) and the Council of European Energy Regulators (CEER), 2014, household electricity bills in the EU increased, on average, by 2.6% with respect to the previous year, and gas bills by 2.1%.
Alberto Pototschnig, ACER Director, highlighted that “whilst half of the household bill is non-contestable, the other half of the bill is open to competition. There needs to be competition both at wholesale and retail level to ensure that EU energy consumers reap the full benefits of market liberalisation. Market integration efforts should continue and be intensified. Social welfare losses for Europeans due to unscheduled electricity flows alone total about 1 billion euro every year”.
Find out more here.