Temperatures rising, and your electricity tariff too!

Summer in Spain and temperatures are rising! And too get you even hotter under the collar, the price of electricity in Spain went up again on 1st July 2011.

The new conditions to the ‘TUR’ tariff (Tarifa de Último Recurso) as controlled by the Ministerio de Industria, Turismo y Comercio were published in an Official State Bulletin dated 30th June 2011.

The ‘standing’ charge itemised on your bill as ‘Potenia’ and billed per day is currently set at 1,719427€/KW/month, which calculates to 0,056529€/KW/day.

The unit charges in €/KWh have increased as shown below, this is itemised on your bill as ‘Consumo’ or ‘Fact. consumo lecturas reales’:

Unit Charge €/KWh
Standard (Llano) 0,142319
Peak Rate (Punta) for ‘Tarifa DH’ 0,172825
Cheap Rate (Valle) for ‘Tarifa DH’ 0,064047

‘Tarifa DH’ (Discriminación Horaria) is the Off-Peak tariff

This price increase will affect everyone on the TUR tariff, regardless of your contracted electricity provider.

If you have recontracted within the new ‘free market’ then please contact your supplier to find out if this price increase affects you.

Read on to see just how much more you are paying for your electricity compared to 5 and 10 years ago! You may be amazed, you may be angered!!

For your information the cost of a ‘standard’ unit of electricity on 1st July 2006 was increased to 0,08742€/KWh, and on 1st July 2001 the cost was just 0,079254€/KWh or in ‘old money’ that was 13,18 Pesetas per KWh!

From my calculations the current cost of a ‘standard’ unit of electricity, one Kilowatt Hour, is 62,8% more than it was 5 years ago, and a staggering 79,6% higher than it was 10 years ago!

Add to that your ‘standing’ charge, electricity tax and IVA (VAT) you can see for yourself that we are ALL paying far too much for our electricity!

Please try and keep cool and enjoy the rest of the summer!

6th August 2011