Seems the base amount is going X4 (in cents?) And then the EPEX base is getting an increase of 1 c as wel?
At first glance I read this as my bill being quadrupled overall, but I guess it is not as bad?
The base amount is indeed going up significantly, but in % of the total amount its not quadrupling your bill.
Example: Enkelvoudig(old) = 0.98 cent/kWh + 0,1067*EPEX DAM
The EPEX DAM is noted in €/MWh. It is the day-ahead market, also called the spot market, which prices electricity for delivery the next day. (Source: [https://www.epexspot.com/en/market-data](https://www.epexspot.com/en/market-data))
Tomorrow the price will be 177,47 €/MWh = 17,747 cent/kWh. As you multiply with 0,1 to go from €/MWh to cent/kWh, multiplying with a factor above 0,1 means Engie takes a mark-up on the EPEX DAM, multiplying with less than 0,1 means Engie gives a mark-down on the EPEX DAM). Usually for what they sell to you, they take a mark-up and for injection they buy from you, they give you less than EPEX DAM.
So your total formula comes to: 0,98 cent/kWh + 0,1067*177,47 = 19,916 cent/kWh
Plugging this into the new formula = 3,03+0,1085*177,47 = 22,585 cent/kWh
2 comments
I’m on piek/dal meters.
Seems the base amount is going X4 (in cents?) And then the EPEX base is getting an increase of 1 c as wel?
At first glance I read this as my bill being quadrupled overall, but I guess it is not as bad?
The base amount is indeed going up significantly, but in % of the total amount its not quadrupling your bill.
Example: Enkelvoudig(old) = 0.98 cent/kWh + 0,1067*EPEX DAM
The EPEX DAM is noted in €/MWh. It is the day-ahead market, also called the spot market, which prices electricity for delivery the next day. (Source: [https://www.epexspot.com/en/market-data](https://www.epexspot.com/en/market-data))
Tomorrow the price will be 177,47 €/MWh = 17,747 cent/kWh. As you multiply with 0,1 to go from €/MWh to cent/kWh, multiplying with a factor above 0,1 means Engie takes a mark-up on the EPEX DAM, multiplying with less than 0,1 means Engie gives a mark-down on the EPEX DAM). Usually for what they sell to you, they take a mark-up and for injection they buy from you, they give you less than EPEX DAM.
So your total formula comes to: 0,98 cent/kWh + 0,1067*177,47 = 19,916 cent/kWh
Plugging this into the new formula = 3,03+0,1085*177,47 = 22,585 cent/kWh