Regulated Rate (VPSC)

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Regulated Rate (VPSC)

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Regulated Rate (VPSC)

What is the regulated rate or VPSC?

It is a new billing system included in the Resolution of 2 June 2015, by the Secretary of State for Energy, pursuant to which you will be billed according to your electricity consumption per hour, with the prices being applied as established at that time by the energy market.

In order to be billed per hour you must have a contract with an Authorised Distributer, a smart meter integrated into the remote management systems and a contracted power of less than or equivalent to 10kW.

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Where can I find the prices of electricity per hour?

The prices of electricity per hour are available the day before from 20:15h on the Red Eléctrica de España (REE) (Spanish Transmission System Operator) website, www.ree.es. You can also check the prices from previous days.

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Who does the billing per hour system affect?

Customers that:

If you would like to find out how you are being billed, please click here

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How is my electricity consumption by hour measured?

Via the smart meters that record electricity consumption on an hourly basis.

With the smart meter integrated into the remote management system, your meter is remotely read automatically, without a technician having to visit your home to read your meter and without you having to provide your reading.

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What are the other options offered by Endesa to avoid energy price variations?

If you are looking for stability in terms of the price of electricity, you have the following options:

  • You can contract a Open Market tariff and enjoy all the benefits: ​
  • Prices that are known in advance and that remain stable for at least one year.
  • More competitive prices.
  • You can enjoy additional products and services adapted to your needs.
  • No minimum commitments period or penalties.

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Is the billing per hour system the same as the time restriction tariff?

No, the billing per hour system is not the same as the time restriction tariff. The following table outlines the main differences.

 

  Biling per hour Time restriction tariff
What is it? This is the new billing system pursuant to which you are billed for the electricity you consume each hour, with the prices being applied as established at that time by the energy market. There is a different energy price for each hour of the day.

Two time periods are established in which the prices of electricity are different. These time periods are called:

  • On-Peak (during the day), where the price of electricity is more expensive. 
  • Off-peak (at night), where the price of electricity is cheaper.

The price of energy is the same during the hours covered by each of the periods. In other words, there is not a different price for each hour of the day. Here you can view the times for each of the periods.

 

Who does it affect?

Customers with a smart meter integrated into the remote management systems and that have contracted the VPSC tariff with a power lower than or equivalent to 10kW.

 

All customers, i.e. all customers can request a Time Restriction tariff regardless of the type of tariff they have contracted.

 

What type of meter is required?

A smart meter, integrated into the remote management systems.

Any type of meter. Although non-smart meters have to be adapted to activate the time restriction.

 

Does it cost anything?

No, the process of changing to the billing per hour system is completely free and automatic.

Changing to a Time Restriction tariff costs €9.04, which is the cost related to adapting your meter. 

 

 

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What does “average consumer profile" mean?

This is a consumption model or pattern used by the Red Eléctrica Española (REE) to calculate the price of electricity for the VPSC (previously Last Resort Tariff).

It reflects the way in which customers consume electricity throughout the day.

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