17.12.2021

How much will we pay for gas in 2022? More than a half more than this year.

Tagi

Autor

Arkadiusz Somnicki

Member of the Board

On December 17, 2021, the President of the Energy Regulatory Office approved a new tariff for PGNiG SA, the largest gas seller in Poland.

The 58% increase in the bill will affect household consumers who use gas for three purposes: gas cookers, gas water heaters and gas heating installations. It is an approximate value, calculated on the basis of the net value for the so-called a typical household. A slightly smaller increase in the bill, approx. 54%, will be recorded by customers using only gas cookers and water heaters. If we only use gas in gas cookers, the bill will increase by about 41%.

Such a large increase in gas prices is a consequence of what we have been dealing with for many months on the wholesale market (where gas sellers buy gas fuel for resale to end users). The price "Armageddon", which affected most European countries, is largely the result of the tense political and economic situation with a potential Russian-Ukrainian conflict and the Nord Stream 2 pipeline in the background. In short: Russia has limited gas supplies to Europe, increasing pressure on the European Union not to delay the decision to launch the Nord Stream 2 pipeline. Reduced gas fuel supply, combined with growing demand, directly and significantly affected gas prices.

The difficult situation on the gas market also results in the largest historical increase in electricity prices. This is described in more detail in the article:
Nobody expected such a “hot” December on the European energy exchanges – electricity prices are breaking new records.

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