Essent raises prices later due to criticism, but also increases them even further | NOW


After criticism from the House of Representatives and regulator ACM, Essent is delaying the announced increase in its rates by a month. The gas and electricity rates for people with a variable contract will no longer increase from 1 October, but from 7 November. However, the rates in the last two months of this year will be even higher than previously announced.

Essent and a number of other energy suppliers announced earlier this month that they want to significantly increase their rates as of 1 October. According to regulator ACM, the companies were too late, because such increases must be announced at least thirty days in advance. The companies only notified their customers last week.

All about the cost crisis

ACM has entered into discussions with the suppliers. Although Essent believes that it complies with the law, the company has nevertheless decided to postpone the increase. In this way, the company can meet the deadline of thirty days. The question is whether customers will gain much from this. Essent will raise the rates even further in November and December than it had originally planned.

“Essent customers will not pay the total rate increase of the fourth quarter in three months’ time. The entire increase from the fourth quarter will be spread over the remaining two months of 2022 message. In November and December, energy consumption is often higher than in October, due to the colder weather.

Competitor Vattenfall says that not all customers have received an official e-mail or letter about the new rates thirty days before October 1. In order to provide clarity to customers, the company will therefore now allow 30 days from the moment customers have received an official message.

“The new energy tariff of customers who have received a letter on September 4, for example, will therefore take effect thirty days later. And not on October 1,” explains a spokesperson. The energy company says it will continue to talk to ACM and politicians. According to Vattenfall, the term for rate changes is not legally established.

Eneco and Greenchoice will increase on 1 October

Other suppliers such as Eneco and Greenchoice have also come under fire in recent days. For the time being, the companies do not plan to waive an increase as of 1 October.

ACM has announced that it will start an investigation into the increases that will take effect next month. The imposition of fines is not excluded.


Source: NU by www.nu.nl.

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