The Energy Retail and Consumer Protection Market Monitoring Report anticipates retail energy price increases for final energy consumers during 2022 and likely into 2023
The Energy Retail and Consumer Protection Market Monitoring Report anticipates retail energy price increases for final energy consumers during 2022 and likely into 2023
What is it about?
The EU Agency for the Cooperation of Energy Regulators (ACER) and the Council of European Energy Regulators (CEER) publish today the Energy Retail and Consumer Protection Volume of this year’s Market Monitoring Report (MMR).
What is the Energy Retail and Consumer Protection Volume of the MMR about?
The Energy Retail and Consumer Protection Volume of the Market Monitoring Report offers an overview of retail energy market developments across the European Union during 2021. Given the significance of the current energy crisis in Europe the Volume also includes some recent pricing information for 2022 which has been provided by VaasaETT.
It looks at:
- retail market performance, supplier concentration levels and the availability of gas and electricity offers to consumers;
- the price paid by energy consumers for both gas and electricity across the European Union; and
- the impact of high energy prices on household expenditure.
It issues a set of recommendations:
- to ensure that measures to assist consumers in response to the energy crisis are targeted at those most in need;
- to ensure that quality comparison tool websites are available to European energy consumers; and,
- to ensure that National Regulatory Authorities (NRA) check the compliance of energy consumer bills with the common rules for the internal market for electricity (Directive (EU) 2019/944)
Some main findings:
- Retail energy prices started an upward trend at the end of 2021, these price increases to continue during 2022 and into 2023.
- Electricity and gas price increases will put a greater number of consumers at risk of energy poverty.
- Supplier bankruptcies have resulted in less choice in the market for energy consumers.
- Consumers have demonstrated a preference for fixed price contracts. However, suppliers will struggle to offer such contracts at competitive prices in 2022 and likely into 2023.
Download the 2021 Energy Retail and Consumer Protection Volume.
Register and join a presentation of the Energy Retail and Consumer Protection MMR 2021 at the webinar on Wednesday, 12 October 2022.
Explore the rest of the MMR publications and energy market data in our interactive dashboard.