The exception ibrica, the measure that allows Spain and Portugal to set a limit on the price of gas used to produce electricity, ceased to be in force at the end of 2023. This measure began to be applied after the war in Ukraine – which began in February 2022 – increased the energy crisis in which our country found itself.
He The average price of electricity for regulated rate customers linked to the wholesale market closed in 2023 at 87.1 euros per megawatt hour (MWh), which means a reduction of more than half (-58%) compared to the figure for 2022, when the energy crisis of the war in Ukraine took the price to a historic 209 euros. Furthermore, this data It would have been 23% higher if it had not been for the Iberian mechanism.
For all of 2024, East VAT on electricity is expected to be 10%although the Government introduced a exceptionwhich is that if in a month the average price of electricity is below 45 euros/megawatt hour (MWh), in the next month for this to happen, a VAT of 21% will be appliedreturning to 10%, if the price once again exceeds those 45 euros/MWh.
This way, VAT on the price of electricity rose from 10% to 21% in March, behind the descent in February of the price of the megawatt hour (MWh) below 45 euros. This situation it continues to be maintained.
When will electricity be cheaper on Friday, June 28?
According to the data provided by the website of the Spanish Electrical Network, The cheapest period of electricity on Friday, June 28 will be at 9:00 p.m.. The price per kilowatt hour will be 0,21081 euros in the Peninsula, Balearic Islands and Canary Islands. In the case of Ceuta and melillathe price of the kilowatt in its most expensive section, at 22:00 hoursbe from 0,17110 euros.
Enlarge
When will electricity be more expensive on Friday, June 28?
On the other hand, electricity will be more expensive throughout the Peninsula, Balearic Islands, Canary Islands, Ceuta and Melilla at 22:00 hours Friday, June 28, with a price per kilowatt hour of 0,14270 euros.
Enlarge
How is the electricity rate calculated?
The electricity bill is calculated by two prices, the one paid for the contracted power and the price resulting from the kilowatts consumed during the month.
Furthermore, It also depends on the type of invoice contractedwhich differentiates three types of periods depending on the time, which are peak hours (period in which the price of electricity is more expensive), off-peak hours (with a lower cost than in the most expensive period) and off-peak hours (period with a cheaper price for electricity). This billing model was implemented from June.
Regarding the choice of rate, Users can choose two optionseither the rate offered by your marketing company, or take advantage of the regulated market with the Voluntary Price for Small Consumers (PVPC).
