Choosing an electricity rate can result in a difference of up to 57.16 euros per month. FACUA-Consumidores en Acción has compared 64 offers from 24 electricity suppliers and concludes that more than half are more expensive than the PVPC, the semi-regulated rate.
The study uses a monthly bill of 111.75 euros, including taxes, for its typical consumer as a benchmark. Of the rates analyzed, 37 exceed that amount and 27 are below it.
The cheapest and most expensive rates
The most economical option is Lucera’s fixed-price plan, with an estimated monthly bill of 87.74 euros: 24.01 euros less than October’s PVPC. It is followed by Pepeenergy Stable, at 92.20 euros, and Endesa Conecta Luz, at 92.40 euros.
At the other end of the spectrum, Contigo Energía’s “Horas” rate, which carries the EKOenergía seal, comes to 144.90 euros per month. Nabalia’s renewable “Clásica” three-period rate stands at 140.55 euros.
It’s not enough to just look at the price per kWh
FACUA points out that a rate with an attractive price per kWh does not always end up being the cheapest: the contracted power and other fixed costs can significantly increase the final bill.
The calculation is based on a monthly consumption of 366 kWh and a power rating of 4.4 kW, so each household will have a different result. Before switching, it’s a good idea to compare the final amount including taxes, the power rating, and any additional services. FACUA’s comparison tool lets you do this using the details from each bill.