The regulated market
The regulated market is called this because its conditions are regulated by the Government, it has one tariff, which can be contracted with or without time restriction.
The price per kWh under the regulated market (VPSC) changes each hour of the day. It increases or decreases according to several factors, fundamentally:
- The available energy: here the climate plays a crucial role. If the wind blows above 14km/h the triple helix wind turbines will generate a lot of energy, if it rains hydroelectric plants will produce more, etc.
- Energy demand: on a domestic level, during the day it will increase when people are usually at home and will decrease when they go to work or to sleep. During the year, the climate also has an influence: in winter to heat up your surroundings, and in summer to cool them.
The result is that, if you are under the regulated market, the price of energy will be going up and down throughout the year. You can view using this tool for you to consult how much a kWh costs at any moment. It is usually lower during the nights and at weekends.
Regulated market with or without smart meter
The regulated tariff (VPSC) can apply to you in two ways, depending on whether you have a smart meter or not yet.
- With a smart meter: it is possible to know how many kWh you use per hour, and so the price per kWh every hour is multiplied by the consumption of kWh each hour.
- Without a smart meter: it is not possible to know how many kWh you are using each hour, so an average consumption profile is applied to you, created by the Spanish Electricity Grid (Red Eléctrica de España – REE). It does not matter at what time you are turning on the washing machine or the oven, because on you bill what will matter is the time the average Spaniard is turning it on. In 2019 all meters will be smart meters and the average profile system will disappear.
The freedom to decide everything yourself
You are not obliged to do anything. It is not obligatory to be on the free market. It is not obligatory to be on the regulated market. You have to choose one of the two, but only you decide which.
At Endesa we want you to choose and we don’t want you to become a mathematical average. We want to know if you turn on the washing machine in the morning... or if you never put it on because you want to do it all on Sunday. We want to know if you are at home a lot, hardly ever, or never. If you turn on the oven every dinner time or only on Friday when your friends come over.
Everything you do designs a unique consumption profile that we share with you at all times: if you are an Endesa customer you just have to enter your Private Area to see how many kWH you have consumed in each hour of every day, throughout the year.