The

National Commission of Markets and Competition (CNMC)

has verified that families covered by the regulated electricity tariff -now called

the Voluntary Price for Small Consumers (PVPC)-

paid 229 euros more for their electricity last year than in 2020. These are more than 10 million households whose electricity bill is indexed to the wholesale electricity market.

The body that supervises the markets assures that these consumers have been the great losers in the energy crisis, while those who had contracted a fixed price were able to avoid the electrical 'hachazo' until, at least, the moment of renewal of their contracts.

This difference between the regulated and liberalized markets caused a real flight of PVPC customers to the liberalized market, attracted by the offers designed by the electricity companies to 'fish' in the market, offering peace of mind and price stability.

In 2021, more than

1.2 million regulated supply points

switched to the free market, twice as many as in the rest of the years in the historical series.

Competition recalls in its report on supervision of the retail market that the Government launched at the end of last year a proposal to reform the price system established in the PVPC to reduce the volatility that implies its exposure to the wholesale energy market.

"Volatility that will predictably be more and more common in the future, given the high planned incorporation of renewable energies," warns the agency.

In any case, the CNMC defends that the current system -in which

the price of electricity changes every hour-

favors the energy transition by allowing more efficient use of electricity, transferring consumption to times when the grid it is less stressed and cheaper.

"On the other hand, it must be remembered that this mechanism, although it implies that the consumer is exposed to variations in the cash market at any given time, in exchange, it does not incorporate the hedging cost added by other products available on the market that provide greater stability," he concludes.

For the time being, the Government seems to have put the reform of the regulated tariff on hold and is focusing its efforts on the search for a European solution to make the wholesale market cheaper.

Pedro Sánchez is touring Europe presenting his ideas to other leaders in order to lower the bill.

A few days ago the solution was to limit

the price per megawatt hour to 180 euros,

but now that measure has been ruled out after the strong response it received from the industry, consumer associations and experts.

The change of position occurs just four days after the Vice President of

Ecological Transition, Teresa Ribera,

confirmed in an interview that this was one of the measures on which the Spanish and Portuguese governments were working together for the European Council This week's key.

With the idea of ​​setting a maximum price aborted, the government's energy team is working "intensely" on a new proposal that would advocate less market intervention.

Sources from the Ministry of Ecological Transition confirm to EL MUNDO that the limit of 180 euros has been ruled out, but they do not detail what the new measure would consist of.

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