Electricity prices are predicted to rise by around 4.9 per cent this year, with domestic consumers in mainland Portugal facing an average increase of 4.3 per cent, according to a proposal approved by the tariff council of the organisation that regulates energy services, Conselho Tarifário da ERSE.
In general, the increase for domestic consumers will represent an average increase of 95 cents on their electricity bill, while small businesses will have an increase of 4.8 per cent.
Industrial clients will be affected by the largest increase, some 5.9 per cent.
Consumers on the Azores islands will be affected by the highest overall increase with an overall average price hike of 5.5 per cent.
The island of Madeira will have the lowest average increase, at 4.4 per cent, but domestic consumers will pay 5.4 per cent more, while small businesses will only have an increase of 1.9 per cent.
The tariff council is the specific body within the energy regulation services entity (ERSE) that deals with pricing and tariff revisions. Several associations are members of the council including the consumer rights organisation (DECO), the national federation of cooperative consumers (FENACOOP), the national association of Portuguese municipalities (ANMP), the national grid (REN) and the national energy company (EDP).
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