Madeiran and Porto-Santense electricity tariffs will remain the same next year, states the Regional Secretariat for Equipment and Infrastructure, Pedro Fino.
The Energy Services Regulatory Authority (ERSE) has already set prices for 2024, showing a zero variation in the cost of electricity in the region compared to the average price in force in 2023 for BTN customers – normal low voltage – which covers more than 145 thousand customers, namely domestic/residential and small businesses.
In this way, “about 99% of the customers of the Madeira Electricity Company (EEM) will benefit from the stabilisation of their electricity prices in 2024, a variation similar to that of the Autonomous Region of the Azores – which is estimated at 0.2% – for the same type of supply.”
For the Regional Secretary for Equipment and Infrastructures, Pedro Fino, who oversees EEM, the decision of the Regulatory Authority is in line with the expectations of the region.
“Despite the relative stabilisation of the macroeconomic and geopolitical context compared to the years 2022 and 2023, some uncertainty remains, aggravated by the recent conflict in the Middle East. In this sense, this is good news for Madeiran and Porto Santo families and a contribution to the reduction of inflationary pressure, to the improvement of the purchasing power of families and, consequently, to the resumption of economic activity, especially of micro and small companies,” defended the minister.
For the approximately 1,300 BTE customers – special low voltage – mainly medium-sized regional companies, namely restaurants and small hotel units, the average energy prices in 2024 present, compared to the average price in force in 2023, a tariff reduction of 16.7%.
For MV – medium voltage – customers, which include hotels, industry, and large commerce, which in Madeira represent around 339 contracts, the average energy prices in 2024 show a tariff reduction of 23.9%, compared to the average price in force in 2023.
Pedro Fino points out that, “in the Autonomous Region of Madeira, for the MT and BTE levels, there is a significant decrease in sales tariffs to final customers, offsetting the tariff increases seen in previous years.”
Compared to the average price in force in 2023, the impact of the tariff variations on the total bill of customers in the Autonomous Region of Madeira, as a result of the aforementioned reductions, will mean that electricity consumers in the Region will pay, in 2024, 15.2 million euros less than they paid in 2023.
Samantha Gannon
info at madeira-weekly.com
