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What electricity rate do I have?

Four of every ten Spanish homes don't know how to respond if asked what electricity rate they have contracted. They don't know what price for electricity they pay, and sometimes they don't even know which company they have.

We know how many gigas of data that we can consume on our cell phones every month. We know the television series and films available on the viewing platform we've contracted. Of course, we are aware of the details of how much we have left to pay on our mortgage.

But we aren't capable of answering this question: What is your electricity rate?

This happens with 40% of Spaniards, according to data from the CNMC (National Committee of Markets and Competition). It's time to be done with misinformation, and strive for everybody to know what they have contracted and how much they pay for the electricity they consume.

 

Two markets: the open and the regulated

The first priority is to briefly explain the particular situation in Spain, with two very different electricity markets:

  • Open market: many different companies offer their rates and you contract whichever you want. You change a rate or company whenever you want. There is an enormous variety of rates (some with the same price independent of when you consume electricity, others with different prices according to the time slot, etc.). In the end, you pay the price that is listed on your contract. In summary, it’s not very different than the market that you can find for cell phone plans or viewing platforms that offer television series and films.
  • Regulated market: though few companies offer it, the rate is always the same, and is called PVPC. Its prices vary every hour of each day, everyday. If you want to request the Social Rebate, you must have the PVPC rate contracted.

“At any time, you can change the rate and electrical company. No one can stop you from doing so”

Only you chose your electricity rate

The most important thing when talking about electricity rates, is that you are clear about the following: you choose which market you want to be in and you can always change your mind. You choose what rates you're going to contract and you decide if you want to change to another rate or even, to a different electrical company.

Just as many people don’t know what their rate is, others think they are obliged to have the company that sends them bills always be the same. That’s not true and you are absolutely free to do what you want. Stay with the same company your whole life, or change at your whim. It’s up to you.

The only advice that is valid when deciding on a rate is that you are looking for the one that is most appropriate for you. That which is best suited to your consumption profile. That which will help you save and consume electricity more responsibly.

 

How to know what your electricity rate is

The first thing is to know whether or not you are in the open market or regulated market. In the case of Endesa bills:

If it says Endesa Energía S.A. Unipersonal, you're in the free market with Endesa:

Now that you know what market you're on, you just need to know your rate. There are 2 quick ways you can find out:

  • Enter your endesaclientes Private Area: in the My Contracts section, your different rates will appear (there may be more than one if you have several homes, or if in addition to electricity, you have contracted gas and/or maintenance). The name of the rate is the first line, the heading that goes before the home address. 
  • See a bill: either on paper or by downloading the PDF from your Private Area. The name of your rate is in “Contract Details”, in the “Product Contracted” section.
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