Iberdrola launches a campaign against the regulated electricity rate promoted by the Government to advise 10 million consumers to abandon it and contract an offer with a fixed electricity price.

The electricity company assures that free contracting is cheaper than the regulated one -called the Voluntary Price for the Small Consumer (PVPC): "Twenty million households in Spain have seen how their electricity bill is the same as or less than a year ago. those of those citizens who have a free rate. However, the contracts of the rate regulated by the Government have as a reference the daily fluctuations of the energy markets and are unbearable for the citizens assigned to this rate," warns the company.

The campaign has been dubbed 'Fixed Price' and will defend the advantages of this contracting modality such as "savings, stability and security", against "uncertainty and the situation of a regulated and unstable market".

"Spain is the only country in Europe whose regulated tariff changes every hour, which generates more doubts and uncertainty for customers. Iberdrola, with more than a century of experience and more than one hundred million customers in different countries around the world, a leader in renewable energies and decarbonisation of the planet, thus wanting to demonstrate to citizens that a more stable and lower price is possible", concludes the company.

The electricity company launches the campaign just one day after its president, Ignacio Sánchez Galán, called the 10 million consumers who are still covered by this billing system "fools" for not having switched to the free market.

His words have been answered today by the vice presidents Nadia Calviño and Yolanda Díaz, who have accused him of a social "lack of empathy" and have asked for an urgent rectification.

Díaz has been the harshest in assuring that Galán's comment is a "shame" and has summoned him to apologize to the public.

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