?Why is electricity so expensive?

We are now in the year 2022 and thanks to the new technologies of the 21st century the cost of generating electricity for a renewable energy plant is around 0.036 €/kWh. This added to the taxes, charges and benefits that the power plant needs, we can establish a cost of between 3 and 30 euros per MWh. However, today in Spain and Portugal it is 218 euros per MWh, while in Germany and England it has reached 320 euros per MWh and France and Italy already exceed 410 euros per MWh, according to the energy expert website Companias-de-luz.com.

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The price of gas is soaring and how it is used to generate electricity has also dragged down the price of electricity. But, if there are other cheaper sources of energy, why don't they lower the price of electricity? The problem lies in the fact that, as established by the European Union, the price of electricity must be set in a marginal wholesale market auction, so the most expensive energy is the one that sets the price of all the others. Let's imagine that we order a glass of water, a pineapple juice and a cocktail with twelve-year-old rum and freshly squeezed passion fruit. When we go to pay the bill, we see that everything is at the price of the cocktail. This system may have worked when renewable energy needed to be boosted and fossil fuel prices were more stable. But it certainly no longer works today, say the experts at Companias-de-luz.com.

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That is why the consumer who saves on electricity is the one who compares electricity tariffs. Save on electricity by using an electricity and gas comparator, as it also allows you to save on electricity if you sign up for an hourly tariff.

?How to reduce the amount of the tariffs?

While consumers have paid the most expensive bills in their history, the three largest electricity companies have pocketed profits of 6,531 million euros, the highest since their foundation, as explained by Companias-de-luz.com. For this reason, in order to protect themselves, consumers should look for ways to save money, such as lowering their electrical power. This is the maximum number of kW (kilowatts) that we pay to the supplier so that we can use several of our electrical appliances at the same time without tripping the ICP. If we have contracted more kW, we will be paying a high price for the term of power without any need and regardless of what we consume. On the other hand, we can follow these tips:

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- Make the best use of natural light by clearing the rooms of furniture, painting the walls white to reflect the light and placing a large mirror in front of the window to double its effect.

- Make the best use of natural light by clearing the rooms of furniture, painting the walls white to reflect the light and placing a large mirror in front of the window to double its effect.

- If you haven't already done so, change your traditional light bulbs for energy-saving LED bulbs, which will save you more than 78% in lighting energy costs. In addition, they have a much longer useful life.

- Avoid thinking about what you are going to take from the fridge with the door open so that the cold does not escape. The same with the oven, if you are cooking, look through the glass to see if your dish is well grilled. Can't see anything? Then think about cleaning the glass of the door.

- Switch off appliances on standby at night as they trigger phantom consumption.

- Turn off appliances on standby at night as they trigger phantom consumption.

It is also very important that you avoid consumers during peak hours, especially if you have contracted an hourly rate with time discrimination.

¿Are you interested in this article and our tips to save on your electricity bill? In the following link to another website you can find much more information on this subject if you want to continue learning and deepening in the matter.