Portugal raises power tariffs 2.7 percent
Portugal electricity regulator ERSE announced a 2.7 percent tariff hike for households and small businesses starting October 1. The increase follows soaring natural gas prices driven by the ongoing United States Iran conflict.
Xurve View
Insights:
Xurve View
Portugal will raise regulated electricity tariffs 2.7% for 779,000 households and small businesses on October 1. The adjustment follows a surge in Natural Gas prices linked to the conflict between the United States and Iran that pushed wholesale power costs above forecasts. Regulator ERSE originally raised tariffs 1% in January, expecting rates to hold flat through the year.
