July benchmark natural gas sales price up 11.5%

The benchmark gas selling price shows an increase between June and July 2024 due to the upgrading of the network user fee and the increase in the wholesale prices of natural gas:

• the average benchmark selling price of natural gas will be €129.2/MWh including VAT, 11.5% increase compared to June 2024;
• the average benchmark price net of VAT increases from €77.32/MWh to €90.38/MWh.

The Energy Regulatory Commission (ERC) calculates an annual average price per MWh consumed, based on data provided by GRDF. This price includes fixed and variable shares applied to consumers of cooking/hot water and heating type.

The CRE still advocates an annual price for the month of July between €114.30 and €277.43 per year for subscription.

The National Energy Ombudsman proposes a bid comparator independent.

What is the benchmark price?

The CRE's monthly benchmark selling price for natural gas informs consumers in the context of the end of the regulated gas sales tariff (RGTR).

It is variable and indicative and represents an average estimate of the costs incurred by suppliers for the supply of natural gas to a residential customer.

For consumers, it serves as a compass for comparing offers, giving consumers an idea of the price at which regulated tariffs would have been if they had been maintained. The CRE states that suppliers are now free to construct their offers according to supply conditions (cost of energy on the wholesale market) and other costs (routing, storage, remuneration of the supplier).