How will the situation in the Middle East affect the energy bill?
The increase in the price could be felt more in light than in gas and will depend on the type of contract of each household.
The escalation of tension in the Middle East has led to a dramatic increase in the price of natural gas in international markets, although the impact on the energy bills in the Basque Country will, for the time being, be limited and uneven, according to some experts.
In the Dutch TTF market (reference in Europe), monthly delivery gas has been disbursed more than EUR 53 per megawatt hour (MWh). It has risen by about 25% in the face of the risk of closure of the Strait of Hormuz, a key point for the world circulation of liquefied natural gas and oil. Analysts do not rule out the possibility of approaching EUR 90/MWh, although it is still a long way from the historic marks of the Russian invasion of Ukraine in 2022.
Unlike then, Europe and Spain are less dependent on regional gas in dealing with this crisis, and the United States is the main supplier.
How can it affect the bill?
Although renewables predominate in the Spanish system, combined cycles (which use gas) are still necessary at certain hours, which could increase the wholesale price if fuel prices are maintained.
Households with a fixed rate would not notice immediate changes, while those with a regulated rate would be at greater risk if the daily market price went up.
As far as gas is concerned, the effect would be greater if tension continued for months, especially for consumers with indexed contracts or pending renewal. The regulated tariff (TUR) will be reviewed by the end of March.
You might like
Volkswagen will cut 50,000 more jobs, half in Germany and the rest in Europe
The Volkswagen group is in crisis due to strong competition from Chinese manufacturers in Europe, declining sales in China and tariffs in the United States.
France announces aid to farmers affected by drought
Farmers' representatives will meet next week with the French Ministry of Agriculture to convey their demands. The effects of drought and heat are being felt economically, but also physically and mentally.
A worker died in an accident at a winery in Lanciego
The incident took place around 12:20 p.m. and the circumstances of the incident are being investigated. Emergency services have been moved to the scene, but the operator's life has not been saved.
A new tax on fast and cheap clothing is introduced in France
Asian giants like Shein or Temu will now have to pay penalty rates of between 50 cents and 12 euros per garment.
The diesel discount goes up to 20 cents per litre, and the gasoline discount goes down to 5 cents
The tax rebate on diesel has doubled since today, while petrol has halved.
The Basque Government will meet again this Tuesday with farmers to assess the impact of the drought
Agricultural associations and trade unions, among others, want the ACV to be declared a drought zone and special measures to be taken. The meeting will take place at 4 p.m. at the headquarters of the Basque Government in Vitoria-Gasteiz.
Trade unions and employers sign the first agreement on nursing homes in Navarre
After more than five years of negotiations, trade unions and employers have signed the agreement today, which will involve more than 5,000 workers.
The electricity bill has risen 19% in August, reaching its highest level since 2022
Rising demand in heat waves and rising natural gas prices will make an average user's receipt about EUR 14 more expensive.
The 20 cent diesel rebate will come into effect on Tuesday
The measure, which has so far been reduced by 10 cents per litre, aims to combat fuel prices by 15.7% in July.
The September hill this year will be one of the hardest in years
With the return to work, the families of the Basque Country face another reality, which is that this year's September hill will be one of the hardest in recent years, as evidenced by inflation at 4.3%, a figure not seen since February 2023.