The way companies in Spain charge you for electricity consumption is about to change come the New Year and here is how you can save some money.
Electricity bills in Spain are so complicated that even most Spaniards have a hard time trying to figure out what they are paying for.
According to a recent survey by the National Commission on Markets and Competition (CNMC),70% of Spaniards don’t have a clue as to how the billing works and even what plan they are signed up with.
If you do your homework correctly and use electricity at off-peak times you can save as much as 50% of your current monthly bill.
What is new for 2020?
Starting January 1st electricity suppliers in Spain will offer six different tariffs for energy use. Spanish residents will also be allowed to have two different levels of potential rather than just one that they have now.
By opting for a lower potential during the hours when you use less electricity can save you money.
From January 1st, 2020, there will be six different energy time slots with varying prices for consumption.
If you are an early riser and like to get things done first thing in the morning you will be pleased to hear that the cheapest energy is from midnight until eight o’clock in the morning.
From 8 am until 10 am you will pay 20% more which is also the rate for 2pn until 6 pm and then 10 pm until midnight.
The most expensive time slots are between 10 am to 2 pm and 6 pm to 10 pm when most people are at home.
If you can put off doing your household chores until the weekend you will save money as the weekends and public holidays are charged at the lowest rate.
Experts are predicting that even if you do not change the way you live now you should still see a 2% reduction in your electricity bill.