The electricity bill of an average household benefiting from the Voluntary Price for Small Consumers reaches 74.70 euros so far in July, which represents an increase of 7.6% compared to the same period in June, when it amounted to 69.40 euros.
This is reflected in the simulator of the electricity bill of the National Commission of Markets and Competition (CNMC), which reveals that with respect to last year, this has shot up 60.5% since the receipt rose to 46.54 euros in the same period of 2021.
This increase, which slows down compared to the first weeks of July when it approached 20%, occurs despite the entry into force on June 15 of the gas cap, an initiative that is lowering the electricity bill but which, at the moment, does not serve to stop it from rising since the cost of gas continues to skyrocket and the drought and lack of wind are causing an increase in the use of this technology. In addition, to this is added the reduction of the VAT rate from 11 to 5%.
With this, the trend for a year continues to be upward and recovers the intensity of previous months after almost disappearing in May. It is explained by the high price of gas in the international markets, to which is added that the costs of CO2 emissions are also at their highest and this affects the price of producing energy with gas combined cycles, which, being the most expensive end up marking the final price.
Said evolution of the electricity price corresponds to the bill of an average consumer with a contracted power of 4 kW and an annual demand of 3,240 kilowatt hours (kWh).
In June 2021, the new system for forming tolls and the regulated costs of the receipt came into force, with the three billing time slots. To carry out the price simulation, a consumption of 30% has been calculated in peak hours, 25% in flat hours and the remaining 45% in off-peak hours.
These fluctuations in the price of electricity are basically caused by variations in the cost of production, which increases when there is little contribution from renewable generation sources such as water and wind and a lot from more expensive fossil sources, especially gas or charcoal. It is also affected by other factors such as the price of oil and CO2 emission rights.
