Specific conditions - Indexed Rate
The amount of the monthly price of the energy term will be calculated by periods by multiplying the calculated price as established below in the following formula:
Indexed Price = [(OMIE + AJUSTES + RO + CO) x (1 + PR(%)) + FNEE + BS] x (1 + CD(%)) + ATR
OMIE = Average price for each rate period of the matching result of the Spanish daily electricity market
RO = Remuneration of system operators (REE) and market operators (OMIE)
PR(%) = Losses of the transmission and distribution networks
BS = Contribution to the social bond
ATR = Access tolls
AJUSTES = Includes, among other terms, the costs of adjustment services, interruptibility, capacity payments, and other concepts of the energy supplied in the daily market
CO = Operational Cost of Marketing defined in the particular conditions
FNEE = National Energy Efficiency Fund
CD(%) = Cost of deviations
The prices of the energy term are calculated based on the price formula that appears in the General Contract Conditions and will be updated monthly according to the variations that the values of said formula may experience. The indicated prices do not include VAT or electricity tax. Variations that occur in access tolls, charges, taxes and/or any other applicable taxes will be passed on upwards or downwards as appropriate.
According to what is established in the Royal Decree-Law 8/2023, of December 27, the Special Tax has been added to the prices with taxes on electricity (IEE) reduced from 2.5% until 03/31/2024 and the Value Added Tax (VAT), and this applies under the following conditions for contracted powers equal to or less than 10 kW:
- Until 12/31/2024, the reduced VAT of 10% will be applied if the average price of energy in the wholesale market for the last calendar month prior to the last day of the billing period exceeds €45/ MWh.
- VAT of 21% will be applied if the average price of energy on the wholesale market for the last calendar month prior to the last day of the billing period is less than €45/MWh.
VAT of 21% will be applied for the rest of the cases. The regulated cost associated with the financing mechanism of the Social Bonus will be added to the prices, in accordance with Royal Decree-Law 8/2023: Fixed cost per client (marketing) of €0.006282/day (Peninsula and Balearic Islands: €0.00708296 /day taxes included for powers less than 10kW and, for the rest of the cases, €0.00779125/day taxes included.
For the configuration of prices, the ATRs provided for in Circular 3/2020, of January 15, which establishes the methodology for calculating electricity transmission and distribution tolls and Real Decree 148/2021, of March 9, which establishes the methodology for calculating charges for the electricity system.
General contracting conditions