3 key reasons why your electricity bill is high?
WE CONSTANTLY hear people complaining that electricity is expensive in Spain. Social media is full of posts about the high cost of electric and requests for advice about the cheapest provider.
Well here is everything you need to know about how to reduce your bill and get the best possible deal on the market.
Understanding your electricity bill and knowing the correct tariff to sign up for is the key to save money.
3 key reasons for high electricity bills
- You are signed up for an expensive tariff, without even knowing.
- You are paying hidden extras, insurance and services you never use.
- You do not understand your bill, it all looks like gobbledygook.
If you think that you fall into any of the above traps, then read on…
Surprise surprise, contrary to what some people believe, IBERDROLA is the cheapest provider. You just have to know what to look for!
If your contract is with IBERDROLA CLIENTES (they’re the folks that IBERDROLA employ to run the high street points and the pop up stands in shopping centres and supermarkets), it is a FIXED price. IBERDROLA CLIENTES is similar to a franchise, which is called a “Marketeer” here in Spain. It’s a facility set up with several options for their customers including insurance policies and multiple language services.
If you have switched to another provider. Initially, you get a honeymoon period with a slightly better deal, but you will probably end up paying more in the long run. Ultimately, you are just paying a third party to pay IBERDROLA.
Get Smart – how your Smart Meter can save you money
Enter the new PVPC tariff (Variable Price for the Small Consumer) now available from IBERDROLA, but this tariff is not available through IBERDROLA CLIENTES.
With the introduction of Smart Meters throughout Spain, consumers can take advantage of the real time fluctuating cost of producing electricity which is fixed daily by the government. Basically, you can cut out the marketeers.
The PVPC tariff is a basic contract with a regulated rate… no extras, no thrills.
Peak : 11.8 cents. Off Peak : 5.3 cents (daily average)
Compare the rates with IBERDROLA CLIENTES Night Plan per kWh
Peak : 18.3 cents. Off Peak : 9.1 cents (fixed for 12 months)
The cost of the standing charge:
PVPC : 11.1 cents x contracted power (kW) x per day
CLIENTES: 12.3 cents x contracted power (kW) x per day
Contracted power = the amount of power you signed up for. Typical examples are 3.45 kW, 5.75 kW, 9.2 kW.
The bottom line
The PVPC tariff provides the lowest rates and standing charge currently available on the market.
Cut out the marketeers and see big savings on your electricity bill by switching to the PVPC tariff ASAP.