Iberdrola Efficient Savings Plan Tariff

The best price for your most efficient energy usage

15% off energy in your first year + extra 5% with Products and Services.

Enjoy your first kWh at a great low price Ideal for low energy users

Flexibility, no lock in period and with all the benefits of electronic billing.

Includes entry into a draw for AI platforms.

Sign up online

Stable

Stable price 10 years

We will only charge you the CPI and the regulated items will be updated, upwards or downwards, in the event of changes.

Freely

No lock-in period

If it doesn't suit you, you can change plan whenever you like, without any penalty.

Green Energy

With 100% guarantee of origin

You will be enjoying certified renewable energy with a guarantee of origin and reduce your CO2 emissions.

Digital

Electronic Billing

This plan entails signing up for e-billing. It is fast, safe (with full legal validity), convenient, environmentally friendly and free of charge.

Why choose Iberdrola’s Online Plan rate?

With the Efficient Savings Plan, the price per kWh varies across three consumption bands. You will benefit from a very economical price in the first band, increasing in the following bands. This plan is ideal for people with low consumption throughout the year. The lower the consumption, the better the price.

How much will I pay with this Plan?

Offer valid until

15% discount for 12 months

Efficient Savings Plan

Include taxes

Efficient Savings Plan

Price for power consumed

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Price for power

The amount to be paid for the power guaranteed by your installation

Sign up online

General Terms and Conditions

Information on time discrimination:
Valley period: M-F from 0 am to 8 am and 24h Weekends
Off-peak period: M-F from 8 am to 10 am and from 2 pm to 6 and from 10 pm to 0 am
Peak period: M-F from 10 am to 2pm and from 6 pm to 10 pm

Prices for contracted power up to 10 kW.

The regulated cost associated with the subsidised rate funding mechanism will be added to the cost: Fixed cost per customer (marketing) of 0,019122 €/día.
The taxes applicable at all times and that will be broken down in the invoice will be: for electricity supply, the Electricity tax (5.113% or the minimum amount of €0.5/MWh or €1/MWh or as applicable by law) and for gas supply, the hydrocarbon tax(€0.00234/kWh or as applicable by law). In addition, VAT is applied in mainland Spain and the Balearic Islands (21% or as applicable by law), in the Canary Islands IGIC (0%, 3% or 7% as applicable by law) and in Ceuta and Melilla IPSI (1% or 4% as applicable by law ). Insurance includes taxes (IPS), the Insurance Compensation Consortium surcharge and brokerage fees, which are not subject to VAT.

General Terms and Conditions

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AI Prize Draw Conditions

How are the prices for your electricity rate under the Efficient Savings Plan applied?

Energy is charged in blocks: the first kWh at a lower rate, the next at an intermediate rate, and the remainder at a higher rate.

Band 1 price

Band 2 price

Band 3 price

0kWh 100kWh 200kWh

Graph based on a 30-day billing period

If you are not sure about the energy terms...

you can look them up on the energy dictionary

Power

It is the maximum amount of energy that can be consumed at a given time. Your contracted power rating determines the number of electrical appliances you can use at the same time. Calculate my power.
Calculate my power.
*The power is charged at a fixed rate for having the service available to your installation.

Price for power

This is the amount we bill you for your power:
Daily price for power x Contracted power rating x Number of days in the period.
Example: 0.125 €/(kW) x 10 (kW) x 34 (days)= €42.5
*The days included in the price calculation vary according to the number of days in the billing period.

Price for energy

The energy term is calculated according to how much electricity you use during the billing period. When you sign your contract, a meter is installed to measure how much electricity you use (in kilowatts per hour (kWh)).
Example: electricity consumed in one month: 300kWh x Hour price.
**Price without promotion: the cost of energy of non-promotional hours is billed at 0,125200€/kWh.

Kilowatt (kW)

It's the unit of measurement for power. It expresses the amount of energy needed by the devices to operate. For example, an oven consumes between 1,200 - 2,200 kW.

kWh = Kilowatt hour

Is the kW you use per hour. The energy you consume in your house, every hour. For example, a refrigerator consumes about 170 kWh per year.

Sign up in 3 easy steps

1. Personal Data

Have your identity document handy. We will use your address to access your CUPS (Universal Supply Point Code) (your home's ID).

2. Bank information

We will then be able to direct debit your bills to this account. Don't worry, you can change them later.

3. Sign and you're done!

Sign the contract and the process is completed! Within 1 to 5 days, you will be enjoying our supply.

Sign up online

Undecided?

Compare plans and find the electricity tariff that best suits your needs

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Do you have any questions regarding the Solar Savings Plan?

Here are some of the most frequently asked questions

Yes, we promise not to change your stable prices for 5 years, with no minimum lock-in period. We will only charge you the CPI and the regulated items will be updated, upwards or downwards, in the event of changes. Plus, our Plans are flexible and you can switch to a new one whenever you want.

You will have 3.33 kWh available per billing day in band 1. If you exceed this consumption, you will have another 3.33 kWh available per billing day in band 2, and once this consumption is exceeded, you will be billed in band 3.

For example:

For a 30-day billing cycle, you will have 100 kWh available at the most economical price. If you exceed this consumption, you will have another 100 kWh available at the average price, and once this has been exceeded, your consumption will be billed at the higher price.
For a 15-day billing cycle, you will have 50 kWh available at the most economical price. If you exceed this consumption, you will have another 50 kWh available at the average price, and once this has been exceeded, your consumption will be billed at the higher price.
For a 45-day billing cycle, you will have 150 kWh available at the most economical price. If you exceed this consumption, you will have another 150 kWh available at the average price, and once this has been exceeded, your consumption will be billed at the higher price.

The Efficient Savings Plan offers a lower price for the first consumption band, an average price for the second bracket, and a higher price if you exceed the consumption of the first two bands.

It is aimed at low or medium-low consumption users who can take advantage of the Plan's affordable prices.

Yes, the Efficient Savings Plan helps you to reduce your C02 emissions, since they consist of 100% renewable energy, certified with guarantee of origin. We obtain this certificate through the Spanish Markets and Competition Commission (CNMC), which validates that the electricity we supply to you is sustainable.

Iberdrola's Efficient Savings Plan has no lock-in period. This means that you can cancel or change your plan at any time, without penalty.

To sign up for the Efficient Savings Plan rate, you must be the holder of the electricity supply contract, accept the general terms and conditions, and activate the free, secure and legally valid electronic billing service. You will only need your National Id/Foreign residency card (DNI/NIE), the Universal Supply Point Code (CUPS) (which appears on a previous bill) and a bank account number.

Signing up for Iberdrola's Efficient Savings Plan is a quick and easy process that you can do from the comfort of your own home:

Access Iberdrola's website.
Select the Smart Savings Plan.
Fill in the sign up form: personal data, supply address and bank details.
Review and accept the contract general terms and conditions.
Sign the contract electronically.
Confirm the contract and ready to go!

You can also do it on the phone or at any Iberdrola office, where your advisor will guide you through the process.

Yes, electronic billing is included. It is fast, safe (with full legal validity), convenient, environmentally friendly and free of charge. This will make your business easier and help to reduce CO2 emissions.