The electricity tariff will continue to rise and could rise up to 12% in 2023.

Last year, the electricity tariff rose by an average of 15.4% for households and 20.4% for companies and, according to the latest forecasts, may continue to rise next year.

Higher cost of thermal generation due to rising costs natural gascould lead to a 5-7% increase in electricity tariffs, according to former vice minister of energy Luis Espinoza.

Espinoza told the Gestión newspaper that Camisea’s natural gas, which is used for electricity generation, could rise by 14% in January 2023, under a fuel exploitation concession contract. This cost is related to fluctuations in inflation and the cost of oil equipment in the United States.

For its part, the consulting firm Enerkory estimates the costs of electricity next year they may increase by 5-12% across the country.

Rafael Laca, an energy specialist at the consulting firm, agrees that part of the hike will be due to higher natural gas prices, but points out that it won’t be the only factor.

Laka notes that when prices for electricity bills the expected recovery of the economy and the increase in demand for electricity should also be taken into account.

According to the Ministry of Energy and Mines (Minem), in the first half of the year, from January to June, electricity demand reached 29,206 gigawatt hours (GWh), up 2.9% from the first half. year. last.

At the end of this year, the Committee on the Economic Operation of the Interconnected Electricity System (COES) predicts that the demand for Energy will increase by 5.6%.

In addition to this, Laka points out that a larger supply of new power plants is not foreseen.

How much has the price of electricity increased?

According to the consulting company Enerkory, electricity tariffs for household consumers, that is, families, have already increased by 6.07% this year.

For industrial and commercial users, it is assumed that electricity prices they have already risen to 9.3% on average.

In August alone, Osinergmin points out that electricity tariffs for industrial and commercial consumers increased by 3.38%, while for residential consumers electricity tariffs increased by 2.2%. This is the biggest increase in 2022.