How the new electricity bill affects me if I am in the free market: your company should explain it to you

The new electricity bill only affects directly, explains Red Eléctrica de España (REE), all those consumers who are not in this regime, will be able to register more or less changes in their electricity bill according to what was contracted with the company.

The electricity bill in the regulated market

Currently, REE calculates that there are around 29 million domestic consumers in Spain (94% of all electricity supply contracts), of which around 11 million are covered by the PVPC. The entity explains that the ‘Contract data’ section of the electricity bill is where it indicates if you are covered by this modality.

Despite the news, REE clarifies that the new electricity bill will continue to contain the same terms as before, but with some variations in the format. Those sections are:

– Fixed term: it is the contracted power, that is, at the maximum amount of instantaneous consumption without the leads jumping. This concept is always the same and applies the same, whether you consume or not.

– Variable term: its value will depend on when and how much is consumed. This is where the most important changes have taken place, since a

– Corresponding taxes

The electricity bill in the free market

Since 2009, consumers are free to choose who they are going to pay their bill to, choosing among the almost 100 marketers that currently exist. Under this regime, the price per kWh is set by the company, which advertises it and puts it in the contract. The free market rates also stand out because they usually offer products with discounts, combine supplies (electricity + gas) and are usually much more

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The National Securities Market Commission (CNMV) says that consumers who are under this regime may suffer changes in their invoice because the marketer must adapt the price of the contract to incorporate the difference in regulated costs, being able to choose between:

1. Adaptation of the changes: adapt the price of the contract to the new periods of energy and power. In fact, there are many free market contracts that use the PVPC as a reference and include a clause that allows modifications if there are changes in the regulated market.

B. Maintain what was agreed: maintain the price ranges that the consumer had previously agreed in their contract (fixed price all day, different prices during the week/weekend, etc.), transferring to the price the difference in costs that would result for their consumption profile.

In any case, the CNMV explains that the marketer must communicate these changes to the consumer well in advance. A recommendation also pointed out by the consumer organization FACUA.

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