The electricity bill fell 21% in February

The electricity bill will close the month of February with a 21.1% drop in the electricity bill, as reported today by the Organization of Consumers and Users (OCU). Specifically, the electricity bill for a typical home with a contracted power of 4.6 Kw and an annual consumption of 3,500 kWh drops from 69.88 euros in January to 55.13 euros, a fall of 21, 3%, according to the calculations carried out by this organization. If compared with the same month of the previous year, the decrease is much smaller, of just two euros, which represents a reduction of 3.6% year-on-year.

For the OCU, the fall in the price of February is explained by the “return to normality in energy prices, left behind by the strong increases in January coinciding with the storm.” The price of energy in February has had large fluctuations with average prices during weekdays and falls during weekends, he points out. The result has been an average price of 29 euros Mwh, which is 50% less than the high prices set during the month of January and which is slightly below those of February 2020.

The OCU recalls that like the previous increases, this decrease in the bill for the month of February will only occur for those households that have contracted the regulated rate, the Voluntary Price to the Small Consumer (PVPC), that is, for approximately four of every ten households.

For the rest of the consumers who are in the liberalized market, the amount of the invoice will depend on the type of contract they have with their marketer.

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