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Monday, February 6, 2023
    Home Life in Spain Watch out: The price of using an electric appliance at 'peak' time...

    Watch out: The price of using an electric appliance at ‘peak’ time rises by 40% compared to last week.

    On average, running an appliance at peak time in a home with the regulated tariff costs 40% more from this Wednesday on than just a week ago due to three consecutive months of increases and the new electricity billing coming into force.

    According to data from Selectra, a company specialising in the comparison of energy and telecommunications tariffs the cost of putting any electrical appliance on off-peak hours (the cheapest) is 16% higher than a week ago.

    Specifically, according to their calculations, a washing machine costs 47 cents today during peak hours, 28 cents during off-peak hours and 22 cents during off-peak hours, including taxes (electricity tax and VAT). The company takes as a reference the most expensive price for today’s peak period, 0.245 euros per kilowatt hour (kWh); the value of 0.14664 euros/kWH in flat hours; and the cheapest price in off-peak hours, 0.11287 euros/kWH.

    A week ago, before the new billing system came into force on Tuesday, the same washing machine cost 33 cents at peak time and 19 cents at off-peak time. The company does not take into account flat hours because they did not exist and takes as a reference the most expensive hour (0.1752 €/kWh) and the cheapest (0.09714 €/kWh) of the tariff with hourly discrimination that was in place until 1 June. To these, add the electricity tax and VAT.

    Therefore, according to data supplied by the company, running the washing machine is now 42.42% more expensive at peak times and 15.79% more expensive at off-peak times. In the case of other household appliances, such as the oven, the increase is 37.8 % during peak hours and 20 % during off-peak hours. Dishwashers cost 41.3 % more to run at peak times and 18.75 % more at off-peak times, tumble dryers 37.03 % and 13.3 % respectively, and air conditioning 36 % and 14 %, depending on the times shown.

    The new electricity bill, which came into force on 1 June, distinguishes between three different time periods depending on their cost. The peak period will be from 10:00 to 14:00 and from 18:00 to 22:00 from Monday to Friday (excluding public holidays), while the low period will be from 8:00 to 10:00, from 14:00 to 18:00 and from 22:00 to 24:00. The off-peak period will be from 00:00 to 8:00 on working days, as well as all weekends and national holidays.

    In May, the electricity bill chained its third consecutive rise of the year and became the most expensive of the whole of 2021, surpassing that of April, when it reached 62.56 euros averagely. According to data obtained from the simulator of the National Commission for Markets and Competition (CNMC), for a typical consumer – with a contracted power of 4.4 kilowatts and an annual consumption of 3,000 kilowatt hours (250 kWh per month), under the PVPC tariff – this month’s bill will be 63.50 euros, 1.5% more expensive than in April.

    Furthermore, according to the consumer group Facua, if the high kWh prices applied on 1 June are maintained, the average user’s bill in June will be the most expensive in history, at 89.41 euros.

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