free-electricity-and-gas-market:-what-will-happen-during-the-transitional-phase-–-rb

Free electricity and gas market: what will happen during the transitional phase – RB

Free electricity and gas market: what will happen during the transitional phase – RB

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Free light and gas market gas: what will happen during the transitional phase – RB

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Free electricity and gas market: what will happen during the transitional phase – RB

The mandatory transition to the free electricity and gas market , which had been set for 1 January 2023, was postponed to 2024. The new official date on which the protected market will be officially abolished for all customers (businesses and households) is 1 January 2024 .

The latter was again marked by a series of price increases .

In the first quarter 2022, in fact, a record increase equal to:

+ 48% in the case of light; + 61% in the case of gas.

Towards the end of the Greater Protection

Despite the new shift of the compulsory free market to 2024 , there are many customers who have already chosen to switch to the free market for energy and natural gas, to be able to counteract the cost increase.

The first reference actually dates back to an amendment of the 2018, with which the end of the greater protection was postponed to 1 July 202. Subsequently there were 2 other postponements, up to the current one provided for with an amendment to the decree milleproroghe 2021 .

The decision to let some more time pass before the definitive switch to the free market is also linked to the lack of awareness on the part of of consumers and the fact that, at present, it is not yet clear how the transition period should work.

For SMEs the free market is already official since January 1st 2021, while domestic customers will have the opportunity to wait another two years: the exit path still generates various perplexities .

The transition to the free electricity and gas market , in reality, it is a very simple procedure to carry out, also characterized by the fact that:

does not include costs; occurs without an interruption in the supply of electricity or gas (therefore, for example, the meter will not have to be replaced). In addition, the new supplier who has been chosen to save money will take care of the bureaucratic part.

Discover the best offers available on the free market today

What happens if you don’t switch to the free market?

As anticipated in the previous lines, it is not yet clear what will be the fate of those customers who, as of 1 January 2024, they have not yet chosen a electricity and gas tariff of the free market . Will there be a moment of transition, or of momentary coexistence between the two markets?

Could there be penalties for late customers? At the moment everything is still to be defined with absolute certainty: there will undoubtedly be a gradual path so that comply with the EU directive 2019 / 944.

What is known at the moment is that the provisional assignment of a supplier, for the duration 6 months . The offer will be of type PLACET , acronym for Free Price with Equivalent Protection Conditions, whose price it is based on the average of the final values ​​of the PUN, or the Single National Price.

If in these 6 months the domestic customer does not activate one of the electricity and gas offers available on the free market, then he will switch to the so-called “fully operational phase” , or the PLACET offer will be automatically activated of the local supplier selected with auction tenders.

However, this is a procedure that could be overturned over the next two years, precisely because at the regulatory level no precise rules to be respected have yet been given.

Which is the cheapest electricity and gas supplier

How the free market works

The free market is regulated, as the name suggests, by free competition : this means that every supplier that operates there will have the opportunity to sell electricity and gas at the best price.

Considering that the cost of the raw material is the only element of the bill that can be changed, the analysis of the different operators present in this market is very important to understand which will allow to save more than the protected market .

In the latter, the price is established by ARERA on a quarterly basis : this means that if the price has increased on 1 January, the increase will also be present in the February and March bills.

The promotions of the free market, then, are characterized by various discounts, for example those that are applied in the case of bank domiciliation of invoices or electronic bills.

In general, in a period in which ir orders on the raw material light and gas have reached unprecedented peaks, it is useful to consider offers that propose:

the price locked for at least 12 months (there are also offers with fixed monthly payments); the possibility of activating a light and gas promotion with the same supplier .