The electricity bill has been skyrocketing for more than a year, many of us have looked at different options, because right now the regulated market is clearly more expensive than the free market, however, with the gas cap by the Spanish Government , things have become quite even. If you have a current contract without the gas cap, then we do not recommend changing your supplier, because you will pay more due to this gas cap in any case. If your contract has just been renewed, or you are on the regulated rate, then you can look for other options to save money. Next, we are going to explain what things you should pay attention to before changing, with the aim of saving as much as possible.
What to look for to compare prices?
To compare the prices of two different electricity tariffs, you must pay close attention to the consumption and contracted power, because in all cases the gas cap is applied to the energy consumed. For this reason, we have previously told you that if you do not have the gas cap right now, or you have it subsidized by some offer, do not change your marketer or your contract, because as soon as the contract is modified, the gas cap is applied, and we can double the invoice to pay.
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Price for energy consumed, it is measured in kWh and is always marked with the price without indirect taxes applied.
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Price per contracted power, measured in kW. It is possible that the marketer always has the same price for contracted power, but it is possible that other companies have different prices.
Price per energy consumed
The energy consumed is defined as euros/kWh of consumption, if we have a monthly consumption of 200kWh, simply multiply the kWh consumed by the price and it will give us what we will pay. As for the gas ceiling, we cannot know how much we will have to pay until the bill arrives, because it depends on each hour of the day, and at the end of the month an average is made and that is what is charged to customers.
To choose the correct supplier, all you have to do is compare the price per kWh and choose the cheapest, but you must also take into account the difference in price with respect to the contracted power, especially if we have a lot of contracted power, because you will have to do more calculations to choose the rate that suits you best.
Price per contracted power
Depending on the marketer that we are looking at, the price of the contracted power comes in different units, so we must take it into account when comparing the different offers. For example, in the following photos you can see the Repsol Luz 24h offers and the Endesa One rate, which is also 24h, that is, the price per kWh is fixed:
At Repsol, the price per kW is daily, however, the price defined by Endesa One is annual, so logically we have to perform some calculations to have the same units and thus compare.
- Repsol: €0.081918/kW/day is equal to €29.90/KW per year, and then we can compare it with the €33.86/KW that appears in Endesa.
One aspect that we must also assess is whether we have a different power for rush hour and off-peak time. In principle, the usual thing if you have not changed the power is that you have the same power in both time slots. In this case, Endesa provides us with a very cheap price for the off-peak power term. You must remember that off-peak time is from Monday to Friday, not holidays, from 00:00 to 08:00, and all day on Saturdays, Sundays and holidays.
Additional paid services
Some marketers have paid services that are used to attend to emergencies at home, as if it were the home insurance you have, and this usually costs around €3 per month, so you should make sure that you do not have anything of this kind contracted , because surely this very thing that they offer you is already covered by the home insurance of your house.
As you have seen, we must not only look at the price for the energy consumed, but also for the contracted power, in addition, you should always contract a power according to your needs, so as not to be wasting money by having a power higher than you’ll never really use or need.
