The PVPC tariff (“Precio Voluntario para el Pequeño Consumidor”) changed drastically on 1 June 2021, making electricity slightly cheaper during the nights, but making it much more expensive during peak hours during day-time.
The peak hours on the Spanish mainland are roughly between 8.30 am - 2.00 pm and 5.00 pm - 10.00 pm on 1 June 2021. The price has increased with approx. 60% during these hours in comparison with the previous day, making it much more expensive to run air-conditions and other electrical appliances.
Comparison showing the price of electricity on 1 June 2021 and the previous seven days:
The PVPC tariff replaced the previous TUR tariff on 1 April 2014. As an alternative to PVPC, consumers entitled to it can contract a fixed price with the reference marketer for one year.
The price of electricity varies every hour and is based on the cost of production of electricity, which is determined based on the hourly market price. Red Eléctrica de España, S.A. publishes the PVPC energy billing term in the evening for the following days 24 hours.
If the consumer has a remote managed meter effectively integrated into the network, an hourly billing will be applied according to their actual consumption. If the consumer does not have a remote-managed meter, or it is not effectively integrated into the network, calculated consumption profiles published each week by Red Eléctrica de España, S.A. will be applied to the actual readings.