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.
In the prices with taxes the Special Tax on electricity (IEE) of 0.5% will be added until 12/31/2023 and the reduced VAT of 5% for contracted powers less than or equal to 10 kW when the average price of energy in the wholesale market of the last calendar month prior to the last day of the billing period exceeds €45/MWh (and 21% 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 6 /2022: Fixed cost per customer (marketing) of €0.03845461/day (Peninsula: €0.04057923/day taxes included for powers less than 10kW and, for the rest of the cases, €0.04676273/day taxes included; For peninsular supply points, the regulated cost of financing the gas cap will also be added to the electricity prices, which is applied to the generation of electricity, and among other aspects, it represents an additional regulated cost to finance the measure itself. This regulated cost will be included in the invoice under the concept: ENERGY PRICE ADJUSTMENT ACCORDING TO RD 10/2022.
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