fbpx

How to understand the electricity bill?

Learn to understand the electricity bill

The electricity bills They are always a headache for the vast majority of consumers since it is one of the most complex and varied documents that any client handles on a daily basis. A survey by the Organization of Consumers and Users (OCU) found that only the 11% of consumers understands the entire bill. In fact, there are many people who do not know if they are in a free market or a regulated market.

It seems clear that there two basic concepts: fixed cost mainly of contracted electricity and variable cost of consumption per client, it must be remembered that there are off-peak hours in which costs are lower (Monday to Friday from 0:00 to 08:00, in addition to Saturdays and Sundays during all day), flat hours with an average cost (8:00 a.m. to 10:00 a.m., from 2:00 p.m. to 6:00 p.m. and 10:00 p.m. to 12:00 a.m. (Monday to Friday) and finally, the expensive schedule (10:00 a.m. 00 to 14:00 and 18:00 to 22:00), hours that you should avoid if you want save on your electricity bill.

In addition, other expenses such as meter rental or taxes are added.

Information on the electricity bill for businesses - IBERDROLA
example for understand iberdrola electricity bill

Understanding electricity bill: step by step

Next, we break down each concept step by step so that you are able to understand the electricity bill.

  1. Name of the company to which you belong

This way you will identify if it belongs to the free or regulated market.

  1. Electricity bill number

Through this number you can check the amounts claimed in case you want to make a claim

  1. Consumption period

It will normally be monthly, except for some exceptions such as rate changes, delayed consumption, analog meter...

  1. Unified supply point code CUPS

. This code uniquely identifies the facility. The CUPS is maintained even if you change vendor.

Example to understand Endesa electricity bill
  1. Type of contract

When the new rates are used, in all cases the contracted PVPC rates will appear and always differentiated by hour within the three time periods.

  1. Shipping and delivery costs

The 2.0TD tariff applies to all contracts of less than 15 kW (both in the free and regulated markets).

  1. Employment Effectiveness

Currently it is possible to have two electricity contracts, one for peak periods and the other for valley periods, both showing

  1.  Access to contract references

The dealer's name is shown in parentheses. It is very interesting to register on the distributor's website (or Datadis.es) to access hourly consumption data, see electricity peaks and other supply data.

  1. Contract end date

In a regulated market, it doesn't matter because the contracts are automatically renewed year after year. In the free market, the date is important because the rate is updated each time the subscription is renewed.

Example to understand Endesa electricity bill
  1. Energy Usage Information

The image is part f). Expenditure during the last 14 months for each time period. The colored keys indicate whether they are real or estimated consumption. The black line shows your average monthly usage. Below the graph is your average daily usage for the billing period and the last 14 months. In addition, the total accumulated annual consumption will also appear.

  1. current reading

It is also indicated in section f) of the scheme. Indicate if it is real or estimated. Only the current reading is displayed. To review previous readings and verify that your spend was correct, you must review the bill of the previous month. This is a difficult problem to control consumption.

  1. Consumption by time slot

It appears next to the current reading on the graph. Next to each meter reading, will show bill usage during peak periods, flat and minimum for that period. But not all information.

Do you know what a free virtual card? Access this other post about her and know all its benefits and advantages!

Transfer cash to Fazil and pay your daily expenses with your mobile

Create your account in 4 minutes.

Transfer cash to Fazil and pay your daily expenses with your mobile

Create your account in 4 minutes.

Share this content in your networks
Facebook
Twitter
LinkedIn

Dear Boomer

If you see that easy is not for you, you will always have the classics...

Those old glories that they have their bank branches, You already know how they work and they will not take you out of your comfort zone. 👴🏽

I want to join!
Let's go there! First, tell us what your email is like.
By submitting the form you confirm that you are interested in creating an account online and that therefore you have read and accept the terms and conditions of the service as well as the Privacy Policy easy.
By submitting the form you confirm that you are interested in creating an account online and that therefore you have read and accept the terms and conditions of the service as well as the Privacy Policy easy.
By submitting the form you confirm that you are interested in creating an account online and that therefore you have read and accept the terms and conditions of the service as well as the Privacy Policy easy.
Fantastic!
You can now download the app by scanning the QR code from your mobile

iOS APP

QR APP FAZIL ANDROID PLAY STORE

Android APP