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Monthly indexed tariff: flexible and transparent energy for your business
Endesa's monthly indexed tariff is a product designed for supplies with access tariffs 2.0TD, 3.0TD, and 6.1TD. It was designed by Endesa to ensure your business' energy costs are based on the reference price of the daily electricity market (OMIE).
We calculate the monthly average of this daily electricity market and add the various components—such as tolls and charges, market operator payments, losses, and others—that make up the final price on your bill. This allows your business to take advantage of market opportunities each month and track its fluctuations. And if the market ceases to offer favourable prices, you can seamlessly switch to any of the fixed-price products Endesa provides for your company.
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Advantages
Simplicity
Simple indexed products.
Simplicity
Simple indexed products.
Simplicity
Simple indexed products.
Peace of mind
In being indexed with an Endesa product.
Peace of mind
In being indexed with an Endesa product.
Peace of mind
In being indexed with an Endesa product.
Transparency
Price based on the daily market (OMIE) reference.
Transparency
Price based on the daily market (OMIE) reference.
Transparency
Price based on the daily market (OMIE) reference.
Flexible
The flexibility to switch to a fixed price whenever you choose.
Flexible
The flexibility to switch to a fixed price whenever you choose.
Flexible
The flexibility to switch to a fixed price whenever you choose.
No minimum duration
If you contract on our website. If you're not convinced, you can change tariff (or company) without being penalised.
No minimum duration
If you contract on our website. If you're not convinced, you can change tariff (or company) without being penalised.
No minimum duration
If you contract on our website. If you're not convinced, you can change tariff (or company) without being penalised.
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Details
An indexed tariff is one where the price of energy is calculated based on an index or reference. In the case of this indexed product from Endesa, the reference index is the spot market or daily wholesale market (OMIE).
An indexed product is a pricing formula that uses the aforementioned references, generating different prices based on how these references are quoted. In the Terms and conditions section, you can access our product sheets. They outline the formulas used for each product and describe their calculation methods.
A monthly indexed electricity tariff is an electricity tariff based on the daily wholesale market price (pool). The tariff is updated monthly based on the OMIE price.
OMIE market prices must be adjusted to include all regulated costs and additional components that make up the price of electricity. These include the access tolls and charges applicable to the energy rate price at any given time, which are set by the CNMC and the Government, as well as ancillary services, transmission grid losses, and payments to the system operator.
All these costs are already factored into the pricing formula and will not be added later, ensuring that there are no surprises.
The indexed electricity tariff is the alternative that helps you save on your business's bill. You will benefit from lower prices compared to the fixed tariff if the market declines.
With a monthly indexed tariff you won't have to pay a fixed fee or a portion of the energy consumed at a fixed price; instead, you will pay based on the daily wholesale market reference price.
Moreover, indexed electricity tariffs are very transparent. The price is updated the month before, so you know exactly how much you will pay for your business's electricity.
When you sign up for Endesa's monthly indexed tariff, you should consider the following conditions:
- The tariff price is updated every month.
- The tariff price is based on the daily wholesale market price (OMIE pool).
- You can switch from an indexed tariff to a fixed-price tariff at any time.
- Endesa's indexed electricity tariff for businesses is designed for supplies with 2.0TD, 3.0TD, and 6.1TD access tariffs.
No, the price is quoted the month before the next applicable quarter and is valid for the entire quarter. Changes may only occur as a result of modifications to regulated components, such as tolls and charges established by the Government.
Conditions
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