The Government establishes certain measures on the electricity price to be billed by the Reference Reseller Companies, and a new method to calculate the electricity price to be billed to each customer.
It is a price set by Reference Reseller Companies and you can find out what it is beforehand. Once contracted it is fixed for 12 months. This price may be more expensive but you know the price you are paying, so changes in your bill will depend only on how much you use. Once the 12 months are up, the price may vary, and in order to renew you must expressly request it once again. The Fixed Price for all Reference Reseller Companies is published on the National Commission of Markets and Competition website. This modality thus means that:
Contracting is more complicated.
Renewing is more complex.
You have to keep the Fixed Price you choose for at least one year. You may be penalised if you ask to unsubscribe before the end of the year.
You cannot take out additional products or services during that year.
On 1 April 2014. For customers paying the VPSC (formerly LRT) a “transitory” period from April to June 2014 is established. During this period, bills will be issued with the price set by the government for the first quarter of 2014.
From 1 July 2014 the new price model will appear on the bill.
Starting on April 1st, EEXXI is attaching to the electricity bill both the text established by RD 216/2014 as well as an informative flier that we've created in order to help clarify any questions you may have.
The RD 216/2014 establishes a new method for calculating the price of electricity on the VPSC. This price is calculated daily by the Spanish Electricity Grid (in Spanish, REE), based on:
- The energy prices per hour on the market.
- Applying the average consumer profile.
That is to say, the real daily market price and not a quarterly price, such as was done before. However, it must be taken into account that the prices vary on the daily energy market, which means that with this new calculation method these variations will be reflected in a different final price on each electricity bill.
It is a consumption model or pattern used by Red Eléctrica de España (REE) to calculate the price of electricity in the PVPC (Voluntary Price for the Small Consumer) (what used to be called the Last Resort Tariff or TUR).
It corresponds to the distribution of customer consumption throughout the day.
Yes. In the case of rate discrimination the average consumer profile will be used, applied to this rate's different timeslots. It will be applied to both peak (highest electricity price) and off-peak (lowest electricity price) hours.
If you want to enjoy the advantages of having a fixed price that is more competitive than the Regulated Market "Fixed Price", Endesa offers you the option of signing up for an Open Market (OM) product:
More competitive prices than the “Fixed Price”.
Prices known in advance and stable for a minimum of one year.
No commitment to stay or penalties.
You can also contract additional services that may entail significant discounts.
Endesa offers customers its One Rate, a 100% online rate with which you do not need to worry about the price of the energy and you will always enjoy a competitive price, with no commitment to stay.
It is impossible to know the price of the VPSC in advance. The VPSC changes every hour and its variations depend on uncontrollable factors such as the weather and electricity demand. Therefore, the final amount of your bill may be subject to significant variations that only depend on your consumption level.
With Endesa Open Market products you will always have a price that is known beforehand and guaranteed for one year. You can also obtain additional discounts if you contract gas and other services with Endesa.
Yes, it's in your interest to switch. With the ONE Rate you have an indefinite discount on the fixed charge. The ONE Rate price is lower, and you will also avoid possible market variations in the VPSC price.
With Endesa's ONE rate you contract only what you need, with no obligation to contract an additional service but with the possibility to do so if you need to.
Remember that having a Remotely Managed Meter does not mean it can be read remotely. Remote management, which includes “remote metering”, will be gradually brought in and will be available for all customers by the end of 2018.
The majority of Reference Reseller Company customers with a Remotely Managed Meter, who also have remote reading activated, will begin to receive monthly bills with real readings starting in February 2014. Learn more about monthly VPSC billing.
If you wish to continue with bi-monthly billing (every two months) you can choose one of our Open Market products. In this way, in addition to continuing with bi-monthly billing, you'll avoid the variations of VPSC (formerly LRT) and you can enjoy great discounts.
Billing based on real readings means that your Reseller Company is going to bill your electrical consumption based on what you have used according to the actual reading on your supply meter. For its part, the Distributing company is responsible for recording the meter reading.
Yes, unless the meter is not accessible for reading. In this case the Distributing Company will leave a notice in your home giving you the contact methods to provide the reading. This will avoid accumulation of your home's electricity consumption, which can lead to higher than normal bills.
Firstly, please note that bills are issued every two months based on actual readings, which enables you to check and control your actual consumption without being subject to estimations.
Monthly reading is carried out by inter-calculating real readings with estimated ones. Estimations are made based upon the customer's consumption history, and it is quite possible that they are exact; any variation up or down will thus need to be regularized afterwards.
Additionally, two-monthly billing with an actual reading enables you to defer payment of your consumption an additional month.
Be informed however that this service - re-activation of the monthly bill - will be available beginning in July 2013 for customers with a Remotely Managed Meter who also have remote system reading activated. Learn More.