VaasaETT

🆕 📢 Check out the newly published #HEPI results for all the latest developments in European household #energybills! ⚡ In October, #electricityprices were 4% lower than a year ago, with most of the 33 capital cities studied experiencing stability or minor fluctuations. ◻️ Oslo recorded the largest increase at ⬆️ 39%, driven by rises in both energy and distribution components of the #electricitybill, while Ljubljana saw the largest decrease at ⬇️17%, attributed to the implementation of a new dynamic network scheme. 🔸 #Naturalgas prices rose by 1%, continuing a gradual climb due to winter demand and ongoing geopolitical tensions. 📝 For the full report and our interactive visuals visit: https://lnkd.in/dzu-di-4 📧 Don’t forget to subscribe to our free monthly newsletter! https://lnkd.in/d8gNRksx

VaasaETT is excited to announce that our price data is now featured on ACER's exciting new Retail Electricity and Gas Markets Prices Dashboards. Explore interactive pages offering real-time insights into European #retailenergyprices. Learn more at: https://lnkd.in/dKTUJR_c

🍇 Wine and Team Spirit: A Perfect Blend! Our team recently took a break from the office and spent an amazing afternoon at the beautiful Gerovassileiou Winery in Epanomi, Thessaloniki! We explored the stunning estate, learned about the art of winemaking from grape to glass, and indulged in a fantastic wine tasting session. 🍾 🙏 A big thank you to the team at Ktima Gerovassiliou for hosting us and giving us such a memorable experience. Getting to know the craft behind each bottle was truly inspiring! ✨Cheers to more team-building moments like this one! 🍷 P.S. Don’t try counting the glasses in the photos! 😄 #TeamBuilding #WineryVisit #WineTasting #LifeAtVaasaETT

❗ 🌍 Despite record-high renewable energy production, emissions are still rising. We need actionable insights now more than ever. We are very proud of our contribution to Capgemini's 26th WEMO report that offers valuable guidance for navigating the complexities of the evolving energy landscape and the path to sustainable progress. 📝 ➡️ Access the full report: https://lnkd.in/drZ83EXY #wemo2024 #energytransition

🚀 Don’t miss out on this insightful EU Agency for the Cooperation of Energy Regulators (ACER)-Council of European Energy Regulators (CEER) Webinar today! 💡 Dr Philip Lewis, CEO of VaasaETT, will join a discussion on the potential of new contracts and how effective communication can empower consumers to make informed decisions. 🔗 There's still time to register 👇

👀 ❗ The latest Household Energy Price Index results for September are now available on our website! 🔹 This month, the average electricity end-user price across Europe saw a slight increase, though it remains 4% lower than last year. ✅ Notable changes: ⬆️ Helsinki 10% increase ⬇️ Prague 5% decrease 🔸 Natural gas prices marked a 1% rise across Europe, influenced by geopolitical developments and maintenance on Norwegian gas infrastructure, despite storage levels nearing full capacity ahead of the heating season. ⬆️ Athens recorded the highest natural gas price increase at 8%. Read the full analysis and subscribe to the #HEPI free newsletter. 📌 https://lnkd.in/e-rwYeD #hepi #energyprices #energybills

📌 We just published the latest Household Energy Price Index results for the residential energy prices in 33 European capitals in August! #ΗΕPI 🔷 European #electricityprices have remained stable since the beginning of the summer, now 5% lower than last year. 🔶 #Naturalgas prices stayed relatively steady in August, with most capital cities seeing little to no variation. 📊 In the graph below you can see how the capitals ranking changes when electricity residential prices are adjusted to the purchasing power standards (PPS). 🔍 Use our interactive visualization tools to compare more historical and recent data for the markets you're interested in! 🔗https://lnkd.in/e-rwYeD

🔜 📅 Dynamic Load Averaging (DLA) will be at the agenda of this year's Local Energy Markets Alliance (LEMA) summit in Leeds Castle on 1st & 2nd October. Book your place now to join the debate: ➡ https://lnkd.in/ex75xpbv

💡 Energy #pricing models are shifting to better reflect consumer costs and optimize #grid management. Countries like #Norway, #Sweden, and #Slovenia are leading the way with innovative, dynamic #tariffs: 🔹 Norway: A multi-component grid rent system incentivises spreading electricity usage throughout the day. 🔹 Sweden: Starting in 2024, for the DSO C4 Elnät, transmission fees will partially depend on hourly spot prices, promoting off-peak usage. 🔹 Slovenia: A new tariff system, launching in October 2024, will focus on 15-minute intervals, encouraging consumers to manage their energy effectively. These trends are paving the way for a more efficient and sustainable energy future. 🌱 👀 Read the blog by our Energy Market Analyst Anastasia Zafeiriou 🔜 Stay tuned for the release of our next Household Energy Price Index report, analysing August price developments in 33 European markets, coming in a few days! #EnergyInnovation #DynamicPricing #Sustainability

The gap between wholesale and unprotected all-in retail electricity prices for households are at an all time high. What used to be a typical margin without protection measures is now a typical margin with those measures included. The gap, it should be stressed, includes not only energy but also network and other regulated charges (including tax and VAT), but it represents an important metric representing the price consumers are offered relative to the market cost of energy. The question is, have retail prices adjusted to protection measures - able to rise because customers are isolated from the full impact of those increases? Or have increased risk premiums been built into price setting? Or have non-energy costs increased in significance? Well as you might expect, it is a complex mix of all these factors. Either way, without the current price protection measures, imposed during the crisis but still present in most European markets, retail electricity prices would be more distanced from wholesale than at any time since records began. As of July 2024 the gap was 18.4 c€/kWh, compared with an average of 13.7 c€/kWh prior to COVID and the energy crisis. Seamus Byrne Manuel Sánchez Ignacio Martínez Ignacio Muniozguren Garcia Csilla Bartok Una Shortall Gerard Reid Ivan Pearson Adela Tesarova Monika De Volder Dr. Deniz Erdem Johannes Mayer Tomás Llobet Monique Goyens Ron Ben-David #energyprices #energypriceindex #electricityprices #Europeanenergyprices #europe #priceincreases