Electricity too cheap to be true? – Property & Real Estate – Expats Portugal Community Forum
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Electricity too cheap to be true?

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Posts: 278
Premium Club Member
Topic starter
Joined: 2 years ago

Hi everyone, something everyone is interested in, lower bills!

The comparison site simulador.precos.erse.pt/eletricidade/  gives lots of dirt cheap providers, that are nearly 3 times cheaper than others.
They come up with " Indexed prices"
"Esta oferta apresenta características de indexação ao Mercado Spot (OMIE/MIBGAS). Uma vez que os preços variam de acordo com os mercados diários, este simulador calcula o valor da fatura com base no preço médio do mês de dezembro. O valor da fatura inclui na componente de energia uma estimativa do custo de ajuste do mecanismo ibérico (0,0443 €/kWh com base no valor médio verificado no mês de dezembro), que acresce ao preço de energia desta oferta. O benefício líquido decorrente da aplicação do mecanismo ibérico em dezembro foi de 0.0889 €/kWh."

Are these safe to use? Am I missing something?

Also what does "Network Access" mean, that has the same -117 euros per month on practically every bill? Some government subsidy?

I took some screenshots for everyone to see, of 4 providers for a 300 euro per month supply. One of the very cheap "indexed" ones, Galp (the cheapest of the normal ones that claim to give 14 cent petrol/diesel discount and more), the cheapest normal provider (Nabalia) and the standard edp.

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