My electricity rate should be almost free but it has costs “hidden” that shoot up the price

He electricity impress continues to top the checklist of issues of many Spanish homes, which has pushed many users to be responsive to study electricity costs for the home market as an efficient system to lower spending at the pause of the month.

It is far one thing that we are in a position to raise out by these on-line sources, either from a browser or with devoted applications, having the flexibility to peek how for the regulated price or PVPC There are days when the cost of producing electricity is terribly, very low-paymenteven the vitality auction is almost free at times.

This is as a consequence of issues comparable to excessive production by renewable vitality, specifically wind vitality on windy days. On the other hand, that is de facto sizable data. they are no longer transferred to our invoices and, as a change of having hours on daily basis the put the cost to pay for using our home equipment needs to be almost zero, we are and not using a doubt paying worthy more for all the pieces. What's occurring?

“Hidden” charges within the electricity price

The electricity bill that users subscribed to a regulated tariff or PVPC pay, and to a lesser extent also these of the free market, although no longer within the entire method that we are going to comment on, is field to a series of secondary charges that are no longer what we on the entire take care of in suggestions when talking relating to the cost of electricity.

A few of them sound more acquainted to us than others, comparable to the case of the mounted charges for the gotten smaller vitality that must be paid whether or no longer we consume electricity at home (the renowned “minimum” for electricity that’s paid every month), the financing of the social bonus, or the taxes comparable to VAT that are incorporated within the funds. We’re old to with regards to all of them.

However what is much less identified is that within the variable share of the cost of electricityeach kilowatt hour that we exhaust at home has additional charges associated to it that, although producing that kilowatt payment nothingwe must pay a distinct impress to secure it home.

Fré Sonneveld

Constant with the CNMC itself on its online web page, in compliance with European regulations, since June 2021, the separation of the secure entry to price into two parts used to be launched within the invoice: tolls and costs.

Tolls are regulated costs meant for secure properly the costs of transport and distribution networks and are obvious by the CNMC, whereas the costs are the regulated costs meant to cowl the leisure of regulated chargescomparable to the financing of renewables, the extra payment of vitality production in non-peninsular territories or the annuities of the deficit, and are obvious by the Ministry for the Ecological Transition and the Demographic Scenario.

Apart from to, all patrons with the PVPC price have now had a toll with time discrimination in phrases of vitality and vitality. This suggests the cost would possibly be a quantity of reckoning on the time of consumption (top/valley/flat).

However moreover these charges, in 2024 now we have gotten launched a new capacity of accounting for costs of the electricity price as a final result of the proposed Royal Decree that aimed to lower the volatility of the Voluntary Price for Small Buyers (PVPC).

The Ministry's idea for the brand new price on the entire consists of incorporating into the electricity impress calculation system, which changes on daily basis, a new plot within the medium and very long timeframe to lead particular of the mighty fluctuations that we had, nevertheless without losing the short-timeframe impress references that serve financial savings and efficient consumption.

The outcomes of all this? Well, although the wholesale payment of electricity drops loads or is even free in some hours, we we are in a position to continue to have to pay these costs, tolls and future costs which is in a position to quantity to a extremely major quantity. Let's peek at an instance.

Wise instance

Let's take care of in suggestions as an illustration one of right this moment time the put the cost of producing electricity has been almost free, comparable to 02/23/2024nevertheless then in observe these reductions haven’t any longer been transferred to the patron with the entire intensity that we’d treasure.

As we are in a position to look at within the graphs taken from Crimson Eléctrica Española and OMIE, on this whisper day in February the cost of the electricity auction used to be almost zero in numerous hours (€0.01/MWh)On the other hand, in that very same period the closing client had to pay a payment of €0.066/kWh.

Image: Crimson Eléctrica Española

The reasons for this impress develop were proven on Crimson Eléctrica's have online web page, and also that you just can well perchance observe how there are additional charges, with the following being the ones that develop the quantity basically the most: “Forward market adjustment timeframe” (0.02288 €/kWh), “Adjustment services” (0.01217 €/kWh) and “Tolls and costs” (€0.00275/kWh).

Does this imply that after the cost of producing light goes down we don't observe it on our bill? No, since observe it we observe it, because it’s the major ingredient that adds as a lot as the entire impress. On the other hand, now we have gotten a series of “added” charges that imply that after this production impress is almost zero the cost of electricity is no longer diminished as worthy as we would treasure.

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