Fixed price with no surprises and without permanence.
The VPSC or Voluntary Price for Small Customer, is the system for establishing the price of electricityintroduced by the government for customers in the regulated market (customers that have a contract with a Reference Reseller Company – in case of Endesa - Endesa Energía XXI -), with a contracted power that does not exceed 10kW. On 28 March 2014 (Royal Decree) the VPSC tariff replaced the Last Resort Tariff (LRT).
With the entry into force of the VPSC, electricity bills still have three components:
With the VPSC, only the way in which the cost of producing electricity varies.
When the TUR system existed, the price of electricity was set at quarterly auctions between power generators and electricity suppliers. This disappeared with the PVPC system, and new market conditions were introduced by which prices vary every hour of the day depending on supply and demand. Different factors influence the rise and fall of the price of the kWh in the PVPC regulated tariff system.
This new system will be applied in two ways:
It is possible to know how many kWh you consume every hour of each day, so you only have to apply the prices notified by Red Eléctrica Española, the corporation which operates the Spanish national electricity network.
It is impossible to know how many kWh you consume every hour, so the profile of an average consumer is applied to you (as created by Red Eléctrica Española).
All households are expected to have a smart meter by 2019.
There are 3 options within the VPSC:
A constant price curve is applied throughout the day, with it being slightly cheaper at night.
Two time periods are established, an On-peak period (daytime) and an Off-peak period (night time) offering very different electricity prices.
Winter: From 12:00 a 22:00 h.
Summer: From 13:00 a 23:00 h.
Winter: From 22:00 a 12:00 h.
Summer: From 23:00 a 13:00 h.
If you want to avoid price variations, you have the following options:
You can contract an Open Market tariff and enjoy all the benefits it offers:
If you have a Social Rate, the VPSC tariff will be applied with a 25% discount. For more information about how to benefit from the Social Rate, click here.