The electricity bill goes up in June and becomes more expensive for the second month in a row

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He receipt source of electricity It has rebounded in June by 6.2% compared to May, chaining its second consecutive month on the rise. Specifically, the average invoice for a consumer domestic amounts to 54.39 euros, compared to previous 51.18 euros, according to data collected by Europa Press from the simulator of the CNMC. To make a correlative calculation, the last 30 days of May have been taken into account.

This electricity bill corresponds to an average consumer with a contracted power of 4.4 kilowatts (kW) and an annual demand of 3,900 kilowatt hours (kWh), typical of a family with two children. Of this amount, 14.35 euros correspond to the fixed term, 28.41 euros to consumption, 2.19 euros to electricity tax and 9.44 euros to VAT.



Electricity meters in a building

Electricity meters in a building (Llibert Teixidó)

This is the second consecutive month in which the electricity bill registered an increase, after rebounding more than 2% in May. Despite this increase, the invoice had registered falls in the months of February (-4.6%), March (-6.3%) and April (-7.8%), in these last two months in the phase of stricter confinement due to the coronavirus pandemic.


Electricity

Rise in the daily wholesale market

The increase is mainly due to the 44% increase in the average daily wholesale market price, standing at 30.62 euros per megawatt hour (MWh). The wholesale market works marginally, so that the technologies enter in order of cost and the last one to participate, the most expensive, sets the price for the whole.

The wholesale price of electricity weighs close to 35% on the final receipt, while around 40% corresponds to tolls and the remaining 25% to VAT and Electricity Tax.



However, compared to the same month last year, it is 35.1% cheaper, according to data from the Association of Companies with High Energy Consumption (AEGE). Thus, compared to June 2019, the June receipt is almost 12.7% cheaper, almost 8 euros less.

Lights on in a building without workers

Lights on in a building without workers (Llibert Teixidó)


What’s left of the year

Prospects for future prices

Regarding the future evolution of the daily market, the price quotations until the end of the year put the average price of the Spanish electricity market at 33.5 euros per MWh, 29.8% less than in 2019. Meanwhile, the price of the future for 2021 is 42.8 euros per MWh, 4.7% more expensive than a month ago.



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