mechanism has influence in the formation of the market price of electricity in
the MIBEL wholesale reference system until 31 May 2023.
is MIBEL adjustment?
exceptional and temporary mechanism makes it possible to set a maximum price
for natural gas used in the production of electricity in the Iberian market, in
order to avoid an excessive increase in electricity prices.
all consumers have to pay for this mechanism?
current legislation, suppliers are allowed to charge consumers for this
adjustment, but they also can bear these costs themselves. Furthermore,
consumers should analyse their specific situation and find out which supplier
has the best offer, including the one on the regulated market.
if you are planning a change of supplier, please have a look on DECO's tips on
must include the net benefit resulting from the application of this adjustment
on the bills sent to consumers, which may be different from consumer to
consumer, since the amount charged will depend on several factors.
was not warned that this mechanism would be applied. Do I still have to pay
law does not establish that the consumer has to be warned in advance that he
will have to pay this additional cost, so DECO suggests that you contact your
supplier directly and ask them whether or not they intend to apply the
mechanism and ask them when this cost will be charged on your bill.
how long will this mechanism be applied?
MIBEL adjustment may be applied until 31 May 2023. DECO calls for the creation
of a mechanism that effectively protects the consumer’s rights, for example, a
brake on the price of gas for electricity production.
so, DECO recommended that the Government must take steps to present a legal
scheme requiring suppliers to explain to consumers, in an accessible and simple
way, the application of this mechanism, as well as to establish in law the
obligation to give prior notice whenever a supplier applies the MIBEL-related
cost on the next bill.
you have not previously been informed of this change or if the net benefit
resulting from the application of this adjustment has not been mentioned on
your bill, please contact DECO's Consumer Helpdesk on WhatsApp (+351 966 449
110), or send an email to email@example.com or
call +351 213 710 200.
Paula Martins is a fully qualified journalist, who finds writing a means of self-expression. She studied Journalism and Communication at University of Coimbra and recently Law in the Algarve. Press card: 8252