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Spain is the only European power to cut electricity bills in October

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Spain was the only European economy His electricity bill went down in October15.4% compared to the previous year, according to Eurostat, particularly in the context of the continent’s energy crisis following the Russian invasion of Ukraine. Figures published by the European Statistics Office on Thursday showed that electricity bills in Spain were the only major European powerhouse to fall compared to the same month last year. Up 108% in recent months.

In this sense, the Eurostat figures match the data collected by the EFE, which They throw out an invoice for 74 euros For the average customer covered by the regulated tariff or PVPC in October – with a compressed power of 4.4 kilowatts and a monthly consumption of 250 kilowatt hours (KWh) – compared to 85 euros a year ago, the lowest price since September 2021.

Apart from Spain, it was the only community partner that managed to reduce the bill last month Czech Republic, with a decline of 38.2%, while it remained unchanged in Malta. Among major European economies, Italy once again had the highest increase in electricity, up 199%, triple the increase from a year ago, followed by Germany (26%) and France (8.8%).

The The average increase was 38.4% 45.6% for the European Union as a whole and in the case of the Euro Zone. Analyzing the data from all Member States, the Netherlands (161.5%), Belgium (84.7%), Denmark (84.4%) and Estonia (83.7%) registered increases.

Gas prices fell

The fall is due to falling gas prices on the international market, which are at their lowest level since the war in Ukraine started in October. Hence the so-called “gas cap”. Do not apply for 10 consecutive days when the maximum price set by the government (40 Euro/MWh) is exceeded.

In this sense, the cap on gas, which has been able to include it in the hottest months Over 20% light scalingWith the cap it was only able to reduce the wholesale price of electricity by 2% -163 Euro/MWh compared to 167 Euro/MWh without the cap in October.

Although electricity prices were not significantly affected last month, the cap has increased by 15% since it came into effect on June 15, keeping the average value since then at 230 euros/MWh. 269 ​​compared to what would have been provided without this mechanism and 373 from Italy, 335 from France and 291 from Germany.

Source: lainformacion.com

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