New electricity price alternatives for customers

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Frequently Asked Questions

New electricity price alternatives for customers

Thu May 29 10:14:58 CEST 2014
After the government’s approval of the new system for calculating the price of electricity, customers paying the Voluntary Price for Small Consumers (VPSC – formerly LRT) can choose from three options:
Voluntary Price for Small Consumers (VPSC) - formerly LRT
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.
The price of electricity can change every hour as the electricity market evolves, and will therefore never be the same on your bills and it is not possible to know what it will be in advance. With this alternative, the amount of your bills will depend on other additional factors at the consumption level, such as the weather and energy demand.
If you had the former Last Resort Tariff (LRT) and you do not make any changes, this is the system that will apply to you from July 1st, 2014 onwards. (Royal Decree 216/2014 28 March).
Fixed Price in Regulated Market
Established in advance and fixed and stable for 12 months. With this alternative you will know the price you will pay. It does not depend on the evolution of the electricity market, and therefore the variations on the amount of your bill will depend only on your level of consumption. 
This alternative may be more expensive, but you will know in advance the price you will pay for electricity.
In this case, if you would like to terminate the contract before the end of the year you will have to pay a penalty. (Royal Decree 216/2014 28 March).
If you were paying the Last Resort Tariff and you would like to contract the “Fixed Price” you must phone 800 760 333 to request it.
Offers in the Open Market
The third option is to contract a tariff in the open market, with which you will enjoy greater benefits:
  • More competitive prices than the “Fixed Price”.
  • Prices known in advance and stable for a minimum of one year.
  • No permanency contract commitment or penalties.
You can contract additional services that may entail significant discounts.
Endesa offers customers its ONE Rate, a 100% rate with which you do not need to worry about energy price fluctuations. This rate will always give you a competitive price, not just for the first year, and there is no permanency contract commitment
You can find out more about our One Rate.
If you would like to learn about other offers, please call 800 760 909.
¿To whom do the new price models established by the government apply?
  • To customers who had the Last Resort Tariff (LRT) with contracted power of less than or equal to 10 kW
  • To customers with the Rate Subsidy.
  • Customers with contracted power over 10 kW (not entitled to LRT), who do not have a contract with a Marketing Company in an Open Market (deterrent tariff).
If you have an Open Market contract with Endesa Energía, you are not affected.