Electric permanent annual feature offers up to 17% more expensive than the market

Madrid. (Europa Press) -. The trading Electric reference, which include Endesa, Iberdrola, Gas Natural Fenosa, EDP and E.ON Spain , have been submitted to the National Commission on Financial Markets and Competition (CNMC ) year fixed deals up to 17% and 11% more expensive the best price and the Volunteer Small Price to Consumer (VBAC), respectively.

These financial deals to surpass $ 100 the best price that can be found in the market, or about 70 euros the current price of VBAC, according to information gathered by the CNMC. In the controller price comparison shows that, for a consumer to 3.3 kilowatts of power and 3,000 kilowatt hours (kWh) per year of consumption, the tenders submitted by the electric range between 687 euros and 723 euros.

Specifically, the trader with the lowest annual supply is EDP, 687 per year, compared to 696 euros of Iberdrola, E.ON 714 euros, 718 euros and Gas Natural Fenosa 723 euros Endesa. The annual cost of the most expensive supply exceeds 100 euros over the best current market supply, which corresponds to the company Alcanzia, amounting to 617 euros. Meanwhile, the annual cost of PVPC currently amounts to 650 euros.

Tenders companies are based on a price per megawatt hour (MWh) of 68 euros compared with 48 euros per MWh set by the government temporarily to implement the new system of price revision. Electric, which also feature deals on the open market, have these higher annual fixed prices because of the need to hedge against market volatility over a long period of time. The annual bids are submitted also as part of the new price review mechanism, in which, apart from the billing according to market trends, offer alternatives to consumers. As part of the same, reference marketers are required to file these financial deals that avoid fluctuations that may occur in the market. In announcing the deals, the CNMC warns that recruitment be carried out “after carefully compare the offers available in the market” and recommends that users “prudence” when opting for any of them. This caution should be taken “even considering that their early termination carries a penalty not include other offers available at the most competitive market,” recalls the regulator. “The consumer should know clearly before hiring any electricity supply, the same conditions stated in his contract, and in particular the commitment to remain the obligation of hiring additional services, updating the terms of the offer and additional services offered to supply no cost, “said the regulator.

With the new pricing mechanism, consumers with lower power to 10 kilowatts (kW) have three options electricity supply contract. The first is to opt for VBAC, linked to market developments. The second option is to hire any free deal available in the market that guarantees prices for different time horizons, and it provides, in some cases, different additional services to electricity supply. The third option is deals with a fixed annual price announced today.

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Electric permanent annual feature offers up to 17% more expensive than the market