Tyrolean supplier – Tigas extends “bonus”, price reduction in summer?

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Tyrolean state energy supplier Tigas announced on Tuesday that it would extend a “promotional bonus” on the originally planned gas price until the end of the year until mid-2024. A price reduction can be expected next summer – at least “from today’s perspective”.

The temporary promotional bonus of 2.6 cents net or 3.12 cents gross per kilowatt hour (kWh) came into effect in July this year, together with a significant price increase. The labor price for existing customers was increased in July from 5.85 cents gross to 15.05 cents gross per kilowatt hour. However, with the bonus, the price increase was temporarily reduced by more than 20 percent to a labor price of 11.93 cents gross or 9.94 cents net.

A saving of 260 euros in the first half of the year
This bonus, which was originally limited to the end of 2023, will now be extended until mid-2024 and therefore beyond the entire heating season, it was said on Tuesday. Director Martin Grubhofer: “The Tigas is again investing around 15 million euros to relieve customers.”

For a household with an annual consumption of 15,000 kWh, “this means an additional saving of approximately 260 euros gross in the first half of 2024 or 43 euros gross per month.”

Probably price reduction in the summer
The next price adjustment for gas will be in early July. From the current perspective, a further reduction can be expected, says Grubhofer: “Since we do not have our own natural gas production in Tyrol, we have to buy the quantities internationally. Purchasing for the next winter season 2024/2025 is currently in full swing.”

Current pricing suggests that consumer prices will continue to decline.

Source: Krone

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