Cheapest Electricity Rates On The Market, According To The OCU

Despite the fact that the ‘Iberian exception’ mechanism is allowing customers in Spain to lower their electricity bill (around 11% less) , the truth is that the price they must pay is still too high. So much so that in this month of August the average regulated bill has been the second most expensive in history , rising to 130.99 euros for an average household, according to the Organization of Consumers and Users (OCU).

“This rise would have been even greater if the gas cap had not been in force, since the average bill would have reached 151.55 euros, becoming the most expensive in history,” explains the organization.

For this reason, it is more convenient than ever to analyze the possibilities offered by the market in order to select the best possible offer. However, “the most interesting rates are not usually easy to find,” considers OCU. In addition, as the organization has been able to verify, many of the main marketers do not clearly indicate on their websites the additional charge that must be paid by all new contracts and renewals after April 26 as compensation for the gas cap mechanism, so that the actual price may be increased upon receipt of the invoice.

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To identify the best rates, OCU has identified what, for the organization, are the best offers currently available. However, they recommend users who have a contracted offer before April 26 not to be dazzled by the good prices and to carefully study their situation. “If your current contract is prior to April 26, check carefully that your rate is really more expensive, since to all the ones we show you here you have to add the cost of the measures to limit the price of gas,” they warn.

Domestic Energy
This marketer offers its electricity rate with three periods, with the advantage of including the measure of limiting the price of gas in the cost. “It is, therefore, one of the few offers on the free market that offer a real fixed price ,” says OCU, who believes that having a fixed price, although it may seem high, is very attractive.

Thus, for each kWh consumed, they charge 0.291913 euros/MWh during peak hours, 0.245131 euros/MWh during flat hours and 0.21999 euros/MWh during off-peak hours. In addition, the fixed price per kW contracted during peak hours is 28.16413 euros and the fixed price per kW contracted during off-peak hours is 3.14338 euros.

Iberdrola Online Plan
Available only through online contracting and with an electronic invoice, this rate does not include the cost of the measure to limit gas in generation, so for each kWh consumed (at 0.159353 euros) the cost will have to be added. of the gas measurement, which in August was, on average, 0.161529 euros/KWh.

The price per kW contracted during peak hours is 30.66747 euros, while during off-peak hours it is 4.104338 euros. In addition, from OCU they warn that this rate will be reviewed according to the CPI on January 1, “something that must be taken into account due to the high CPI.”

Iberdrola Special Plan
This rate, on the other hand, is contemplated for telephone and face-to-face contracts in offices. Its starting prices are higher than those of the Online Plan but it has a 15% discount during the first year. Similarly, this rate will be updated according to the CPI on January 1 and does not include the cost of the measure to limit gas in generation.

The price stipulated for each kWh consumed is 0.178662 euros, less the 15% extra discount, plus the measured cost of gas (in August 0.161529 euros/KWh). For each kW contracted during peak hours, the tariff charges 30.52381 euros (less 15%) and 3.512901 euros (less 15%) during off-peak hours.

Endesa Tarifa One Light
This rate includes a promotion that discounts 10% on consumption and an additional 10% during the first 12 months, but does not include the cost of the measure to limit gas in generation.

For each kWh consumed, the rate establishes 0.189 euros, to which must be discounted 10% + an additional 10% discount and add the measured cost of gas (in August 0.161529 euros/KWh). For each kW contracted during peak hours, the price is 33.86 euros, while during off-peak hours it is 7.9973 euros.

Total Energies
This company offers a personalized price plan, so to know the rate you have to upload a current invoice to its website and receive your proposal. “This allows the company to improve the prices that the potential customer is paying, but presenting the most aggressive offers only to customers who already have a low rate,” explains OCU.

In general, the company usually offers three different types of rates (with the same price 24 hours a day, with two sections or with three sections and two powers). The commitment is to keep the personalized discount for 4 years, but the price on which that discount is applied is only kept for the first 12 months. In addition, this rate does not include the cost of the measure to limit gas in generation.

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