The electricity market is the place where the purchase and sale of electricity supplied on the Spanish grid is negotiated and has its origin in the liberalization of the sector, which began in 1997. Law 54/1997 on the Electricity Sector entailed a total restructuring, moving from a vertical system to a regulated market where all activities were grouped under an oligopoly, to a horizontal structure, where each activity is separate and independent; with four prominent agents: generators, transporters, distributors and marketers.
At the end of the 2000s, this process of legislative opening reaches its culmination when the first free marketers. The price of electricity is established daily in the wholesale electricity market, known as “pool” and regulated by the OMIE, the Iberian Energy Market Operator, which is in charge of matching the offers based on the energy demand forecast by the marketers.
But why doesn’t the price of electricity stop going up?
Every day an auction takes place in which the energy producers present their offer. This market is of a marginalist type, that is, the offers are organized from the cheapest to the most expensive and the last offer to enter is also the most expensive and the one that establishes the final price at which energy is paid for the next day.
In this way, the price varies every hour of every day according to the evolution of the supply and demand of energy in the market. The main affected by these variations in the price of electricity are consumers covered by the variable rate PVPC (Voluntary Price for the Small Consumer), which must be pending each month of legal and political decisions and market fluctuations.
In contrast, users with free market rates, currently about 16 million, usually have fixed prices agreed with your marketer and rates adapted to your needs, and thanks to them they mitigate this volatility. These rates, which are used by companies like Holaluz, allow us to offer stable and personalized rates and are ideal for domestic customers.
So, how much does it cost to charge the mobile after the power goes up?
The price of electricity at 10:00 p.m. on November 3, 2021 will be 0.22528 kw / h. Therefore, if we connect a charger of about 30 watts (standard charger) to the mains for 60 minutes, the total annual price of the charger would be 2.46 euros.