Median receipt paid by beneficiary households electricity regulated tariff stopped in october 58.3 euros, 14% more than in the same month of the previous year. This is the amount where the number of households with a bill of less than 58.3 euros equals the number of those paying a higher amount. on his behalf The average electricity bill of households benefiting from the free market was 80 euros in October.around 22 euros from the adjusted rate and 20% more than in the same month of 2021.
If the average electricity bill for the first ten months of the year is taken, the median 68 euros for households covered by the regulated tariff is also lower than the equivalent for families in the free market: 72.3 euros, but only 4.3 euros, although there is a difference here.
Customer information
The data comes from the analysis of the study service. Caixabank Research It is based on anonymized information from private customers, which provides very valuable reference given that the National Institute of Statistics (INE) Consumer Price Index (CPI) forecast still does not include the evolution of light prices. free market used by two-thirds of all households.
In the analysis, which is part of Caixabank Research’s monthly report, the research service asks how Spanish households’ electricity bills are improving. In a report published in January 2021, Caixabank Research found that price changes in the wholesale electricity market are transmitted more quickly to PVPC chips than those in the free market, which normally have a fixed price over the period. Agreement. a) Yes, At the end of 2021, while the average amount of income in the regulated market increased by 32% on an annual basis, it decreased by 14% in the free market, As price increases have not yet been implemented, but the Government’s relief measures for all households have come into effect.
At the time, the Ministry of Economy was clamoring for the INE to include free market price changes in its calculations. This would have resulted in lower inflation at the time, but as first vice president Nadia Calviño later complained, energy companies had not yet provided their data to the statistics institute.
trend change
Analysis by Caixabank Research, based on anonymized data of private clients, shows that trends observed at the end of 2021 have changed due to the renewal of free market contracts that they included price increases over the course of this year. in wholesale markets. Thus, while the average fixed-price household income was 60 euros in January 2022, it reached 80 euros in October. On average, these data amounted to 72.3 euros for the January-October period.
Against this, Families using the adjusted rate saw the average bill amount increase from 78 euros in January to 58.3 euros in October.. This ten-month average stands at 68 euros, 20 euros above the previous year, but 4.3 euros below the data provided by the free market.
2023 expectations
Overall, the research service estimates that Spanish households are seeing an increase in their income. annual energy bill (electricity, gas and other fuels) approx. 800 euros Compared to 500 euros in France in 2022; 1,000 euros from Germany or an estimated 1,400 euros for Italy.
Caixabank Research analysts predict that the electricity bill for the next year will continue to be high for Spanish households, although there is still a lot of uncertainty regarding the evolution of the gas market and its regulation. “There will be a respite on the electricity bill, but we do not anticipate that” before the end of 2023“, they argue.
Overall, the amount of household bills in the regulated market is projected to be higher than in 2022, given that MIBGAS futures prices for 2023 are slightly higher than in 2022 (+8.2% on average). According to Caixabank Research’s report, the gasoline ceiling could partially offset these increases in the first half of 2023. In any case, the volatility of the regulated market bond is expected to decrease after the planned PVPC rate reform. For households that see their contracts being revised in the free market, their rates are expected to increase, continuing the trend observed in 2022, but the increases are expected to moderate from the second quarter of 2023.