Cost of Living

How long will electricity bills resist skyrocketing gas prices?

Wholesale gas prices in Europe have reached 100 euros per MWh, their highest level since 2023, putting upward pressure on electricity production costs. While current residential bills remain stable due to existing fixed-price contracts and lower grid access tariffs, experts warn that new contracts and renewals will soon reflect these rising energy costs. Additionally, the energy regulator (ERSE) may need to upwardly revise its 2027 regulated tariff proposal because it currently underestimates future energy market prices.

Why it matters

If your fixed-price electricity contract is up for renewal, expect higher offers from your supplier, as the current stability in household bills relies on energy bought at lower prices in the past.

Observador· 1h agoRead original ↗

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Algarve's two sanitary landfills on the verge of collapse, says Environment Minister

The Environment Minister announced that a solution for the region's two sanitary landfills will be decided in the coming months as they approach collapse.

RTP· 32m agoRead original ↗

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Cost of Living

President promulgates changes to the IVA and excise duty codes

President António José Seguro promulgated decree no. 112/XVII on Friday, 30 October 2026, which amends the Value Added Tax (IVA) and Excise Duties codes. The legislation expands the tax regime for liquid fuel resellers and strengthens traceability and control in the national petroleum sector. The President noted a potential EU procedural requirement regarding special derogation measures for IVA fraud prevention, proceeding with promulgation based on the Government's commitment to submit a formal authorization request to the European Commission.

CNN Portugal· 38m agoRead original ↗

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Cost of Living

PS attempts to force government to redirect extraordinary inflation revenue

The Socialist Party (PS) is planning to propose an amendment to the State Budget to create a mechanism that automatically directs extra tax revenue—generated if inflation exceeds the government's 2.3% forecast—toward measures intended to mitigate the cost of living. This proposal includes a short-term approach to offset the budgetary impact of these measures, which the PS intends to implement early in 2027.

Observador· 1h agoRead original ↗

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Practical alerts

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Media-reported alerts

"Whoever wants to feed the violence, cast the first stone": Bordalo II places a 'Police' tent in Rossio · Correio da Manhã · 1h ago
PSP commander says there are no 'red lines' for tomorrow's protest, but rules out 'infinite dialogue' · Observador · 1h ago
Drone use over Rossio prohibited for media · SIC Notícias · 2h ago
Metro Transportes do Sul workers call total strike for November · Observador · 2h ago

Live official alerts

Yellow rain warning for Madeira from Saturday until Sunday.
yellow warningIPMA· Madeira· from Sat 21:00
The CP strike on Friday 30 October is cancelled and trains run normally.
CP· Lisbon area +2· until 30 Oct

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