The new regulated electricity bill will stabilize prices within three years

The renewal of the regulated electricity tariff will come next Tuesday to the Council of Ministers after several months of calculations and negotiations to try to stabilize the prices which About eight million households pay for this modality of electricity.

However, there are several conditions that delay the implementation of the new account improvements until at least 2026. That will be the moment when the new PVPC (Small Consumer Voluntary Price) law will be transferred to all its effects on the receipts of those who contracted this modality. Several agents in the energy market point out that customers will not notice a stable price per kilowatt-hour (kWh) from day to day, regardless of whether the price of natural gas rises, whether there is more production from renewable sources or whether demand needs to increase due to cold weather or heat waves.

Although the renewed PVPC modality will leave Monclaw next week — and will likely be confirmed by the Permanent Delegation of Congress (a legislature still in the middle of an election) — it won’t be until early 2024 when the regulated rate kicks in.

So far, all electricity prices charged by reference companies in the regulated tariff are related to what is negotiated on the wholesale electricity market, the so-called swimming pool. In such a way that if these costs skyrocket in one day (because, for example, gas becomes more expensive on the international market), this circumstance is very quickly transferred to what the household pays for its kWh.

reduce weight

What the Ministry of Ecological Transition wants with its reform is precisely to reduce the weight that the wholesale price market has in the overall account of the PVPC. And it wants to do this by including other references from the futures markets (where the price of energy is agreed in a few months or years). So, ups and downs swimming pool will represent 25% of the entire regulated account in 2023; 40% in 2024; and 55% in 2025.