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According to the National Markets and Competition Commission (CNMC), which regulates price-setting of public and private sector utilities and essential services, the typical household is on a 4.4 kilowatt (kW) supply with an annual consumption of 3,000kW per hour, or 250kWh per month, meaning May's electricity bill would be €53.74, a saving of €2.82 on that of April and of €5.17 on that of May 2018.
The wholesale energy market has also seen a reduction, with the average daily price for May being €48.40 per megawatt per hour (MWh), being 13.5% lower than in May last year and 4.2% cheaper than in April this year.
Price forecasts for the year 2020 show a guideline price of €56.08 per MWh.
Overall, the average wholesale price of electricity in 2019 has been €54.60 per MWh, or 5% lower than in 2018, when costs began to soar.
After a series of consecutive increases, by September 2018, the wholesale price of electricity peaked at €71.27 per MWh, or 40% higher than the average for the previous three years.
Electricity bills for consumers – households or organisations – are split 65% in taxes and charges and 35% in consumption, meaning relatively little incentive for customers to save on energy use.
VARIOUS charities and organisations – local and national – have set up channels for members of the public to help those affected by the storms and flash floods in the province of Valencia.
NEW legislation aiming to protect the public from telephone scams and cold-calling is under construction, and will attempt to attack it at source by tightening up on commercial use of customers' personal data.
GREATER practical and financial help for parents is on the cards now that a new 'family law' has passed its second reading in the Council of Ministers, with extended maternity and paternity pay, protected time...
BRITISH media outlets have lauded Spain's Queen Letizia's effortlessly-elegant dress sense over the past few days as she accompanies her husband King Felipe VI to London.