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Energy crisis: Ores will not increase its distribution tariffs in 2023

  • Post category:Economy News
  • Reading time:3 mins read

Ores, the largest distribution network operator in Wallonia, has decided, following a request from the Walloon government, not to request an increase in distribution tariffs for 2023, he announced on Wednesday.

However, the network operator is facing very sharply rising costs. On the one hand, higher than expected inflation is weighing on Ores, which will have to mobilize to meet the increase in its costs, according to its estimates, “more than 60 million euros which are not currently covered by the tariffs .” On the other hand, Ores is itself a very large consumer of electricity and gas, the network manager having to buy 800,000 MWh each year.

Ores estimates at this stage that the additional cost it risks having to face for the year 2023 alone will amount to 90 million euros which are not covered by the current tariffs. This did not prevent the board of directors from deciding, unanimously, to maintain the 2023 tariff at the current level and not to make customers bear these cost increases.

Reduce consumer bills

To do this, Ores will mobilize all the savings made by the company between 2019 and 2021. “In the context of a very significant increase in the costs borne by the company, this decision is in line with the logic of the request formulated the Walloon government to mobilize the means of the company in order to relieve the bill of consumers in the Walloon Region”, we explain in a press release.

In addition, Ores claims to want “maintain the evolution of the price of distribution below real inflation during the next tariff period, while confirming the industrial plan of Ores 2022-2037, characterized by an increase in investments in distribution systems of more than one billion euros over the period, an increase of more than 30%.

A winter plan

Ores further announces that as a “social supplier”, it will implement a winter plan “adapted to the great difficulties encountered by many of its customers.” In concrete terms, resources are mobilized to strengthen the call center’s capacity to respond to customers’ questions and concerns. Oes will also strengthen its collaboration with the social institutions concerned, in particular the CPAS, to provide individualized solutions to the most serious cases.

Finally, “special attention” will be made to situations of payment difficulties justified by the current circumstances of soaring energy prices. Before the coming winter, Ores will offer any customer making a request, special measures for financing increases in the bill in order to enable them to spread them over time and thus cushion the current price increases. Ores is present in nearly 200 Walloon municipalities, which makes it the leading distribution network manager in the south of the country.