Belgium 24- The price of gas is currently recording figures far from what it recorded last summer. However, that decrease is slow to be passed on to the bills. That should change soon, out of the month for some decades.
Gas prices have been volatile in recent days. A week ago, the price of gas in Europe reached its lowest level in more than a year.
And on Friday, at the main gas market in Amsterdam, the price of a megawatt-hour rose by about 10% to more than 67 euros, because of the cold winter, which makes people have to heat their homes.
Five times lower prices
However, we are still far from last year’s peak. When Russia largely shut off the gas tap (Nordstream 1) last summer, gas prices soared to nearly 350 euros per megawatt-hour.
However, this drop in the price of gas is slowly making itself felt on the bills of citizens who have a variable contract. But the good news is, provided prices stabilize, deposit bills should finally come down.--
When do bills go down?
It all depends on what type of variable contract you have. Some will be better off than others. If you have a monthly indexed variable contract, you can expect a decrease in your deposit bill starting next month. Others, who have a quarterly indexed contract, will have to be patient. If prices remain stable, the effect on their bill will not be apparent until after the first quarter, i.e. from April.
Soon the return of fixed contracts?
A few weeks ago, Luminus was the first energy provider to offer a fixed contract again. But unfortunately for consumers looking for security, other providers have yet to follow suit. A position that the Belgian Consumer Protection Organization, Test-Achat, regretted!!
As the Test Achats say, we believe it is time for energy providers to offer fixed prices again. Today, consumers rely primarily on variable rates, though most prefer the certainty of fixed rates.