Information on the Energy Market
We give you advice with all the information on the energy market
HOW IS THE DAILY PRICE OF ELECTRICITY ARRIVED AT
Generation companies make energy sale offers for every hour of the day. These offers are matched, giving priority to those offering the cheapest electricity, until the entire market demand is covered. The last sale offer matched determines the Hourly Marginal Price, which is applied to all the generation companies that have been matched for that hour.
The process is daily and sets the price for every hour of the following day.
For more information, please go to www.energiaysociedad.com
FREQUENTLY ASKED QUESTIONS ABOUT THE DEREGULATION OF THE ENERGY MARKET
You have been able to choose which natural gas and electricity company you want to work with ever since January 1, 2003.
Please refer to the following frequently asked questions to clear up any doubts you may have regarding this legislation.
Energy market deregulation means that consumers can choose which natural gas and electricity company they want to work with, regardless of the geographical area they are living in, whether for their business or for home.
It gives you the option of moving into the deregulated market, that is, of contracting your gas supply, electricity supply, or both with the distribution company that offers the best conditions within the competition.
- Make sure that the power company making the offer appears in the registry of companies authorised by the Ministry of Economy.
- When you calculate the final price of the offer, do not forget to include electricity and natural gas taxes, as well as all billable items.
- Since the offer can consist of several products, such as electricity, gas or both as well as other services, make sure that the package being offered covers your needs and expectations. You should also bear in mind the quality of the customer service offered by the power company.
Nothing. Switching your power supply from the regulated rate market to the deregulated market does not involve any additional cost.
- For homes with a contract for power supply under 15 kW, the switch to the deregulated market does not involve any variation, except for the installation of a mains isolator (MI) if there isn't one already.
- In the case of supplies with contracted power under 15 kW, new metering equipment must be installed from 2004 onwards, whether or not the customer remains on the rate market. This equipment can be rented at an official price.
The quality of the power supply will continue to be the responsibility of the distribution companies and will not depend on the retailer chosen. That is why switching to another company does not involve any variation in the technical quality of the supply.
FREQUENTLY ASKED QUESTIONS ABOUT THE DISCONTINUANCE OF HIGH-VOLTAGE RATES
On 1 July 2008, high-voltage rates were discontinued and gave way to a deregulated market where each user selects the retailer that offers the best conditions.
For more details on the steps to be followed and the service Iberdrola can offer you, check the following information.
Starting on 1 July 2008, the deregulation of the electricity market has been boosted by the discontinuance of the general high-voltage rates, as well as the power hourly rate (THP) and the high-voltage irrigation rates (R.1, R.2 and R.3).
The best option: switch to the deregulated market as soon as possible, i.e. sign up for electricity supply with the retailer that in you opinion offers the best conditions within the new competition framework.
Starting on 1 July 2008, the retailer will bill on the first month the electricity used at the same price as the 3.0.2 low-voltage rate, with the reactive energy supplement and the type of time-of-day rate contracted by the customer. This involves a significant price increase.
In addition, each month you delay the switch to the deregulated market penalties are applied, as the price will increase by 5% a month.
Moving into the deregulated market does not necessarily mean that you need to switch to another company, but you can sign up with a retailer belonging to the same Group as your distribution company, as in the case of Iberdrola.
At Iberdrola, we take care of all the paperwork so you won't have to.
All you need to do is contact your personal manager or customer telephone service for Companies.
CURRENT ELECTRICITY RATES
As established in Royal Decree 216/2014, dated 28 March [PDF] (*), the price that must be paid by consumers who do not have the right to sign up for the voluntary price for small consumers and who temporarily lack a contract with any distributor but continue using electricity, will be the result after applying the following:
- The access usage charge terms that correspond to the supply point, increased by 20%.
- The remaining terms including the Voluntary Price for Small Consumers (VPSC) corresponding to the consumer with a 2.0A access usage charge without a time of day rate, increased by 20% for all concept.
The following tables display the pricing for access rates applicable to supplies that are not entitled to opt for small consumer voluntary pricing.
|RATES||POWER CHARGE ¤/kW YEAR||ENERGY CHARGE ¤/KWh|
|2.1DHA||44,444710||Rate period 1||0,074568|
|Rate period 2||0,013192|
|2.1DHS||44,444710||Rate period 1||0,074568|
|Rate period 2||0,017809|
|Rate period 3||0,006596|
|3.0A||Rate period 1||40,728885||Rate period 1||0,018762|
|Rate period 2||24,437330||Rate period 2||0,012575|
|Rate period 3||16,291555||Rate period 3||0,004670|
|RATE 3.1 A||RATE |
|POWER CHARGE PC: ¤/kW AND YEAR||59,173468||36,490689||8,367731|
|ENERGY CHARGE EC: ¤/kWh||0,014335||0,012754||0,007805|
|POWER CHARGE PC: ¤/kW AND YEAR|
|ENERGY CHARGE EC: ¤/kWh|
Reactive energy billing charge:
For cos Φ between 0.95 and 0.80: ¤0.041554/kVArh.
For cos Φ <0.80: ¤0.062332/kVArh.
The prices shown do not include the electricity tax or VAT.
(*) Spanish version.
CURRENT NATURAL GAS RATES
Valid gas rates starting on 1 October 2017, published in the Official Gazette (BOE) on 29 September 2017.
The following tables contain the prices for last resort supply of natural gas as established by the Directorate General for Energy Policy and Mining in its Resolution of 25 September 2017, whereby publishing the last resort rate for natural gas.
|RATES||USAGE LEVELS||FIXED CHARGE FC |
|VARIABLE CHARGE |
|TUR. 1||Usage ≤ 5.000 kWh/year||4,31||0,05015404|
|TUR. 2||Usage > 5.000 kWh/year ≤ 50.000 kWh/year||8,45||0,04328004|
|RATES||USAGE LEVELS||FIXED CHARGE FC |
|VARIABLE CHARGE |
|3.1||Usage ≤ 5.000 kWh/year||2,53||2,9287|
|3.2||Usage > 5.000 kWh/year ≤ 50.000 kWh/year||5,79||2,2413|
|3.2||Usage > 50.000 kWh/year ≤ 100.000 kWh/year||54,22||1,6117|
|3.3||Usage > 10.000 kWh/year||80,97||1,3012|
The prices shown do not include indirect taxes. (1)
(1) The Economic-Fiscal System of each autonomous region shall be applied.
(2) Spanish version.