ECOMPLETE GUIDE TO UNDERSTANDING YOUR ELECTRICITY BILL

Once again, you receive your electricity bill and you don't know how to interpret all the concepts that appear on it. Here are the definitive guidelines so that this doesn't happen to you again with the next bill.

Do you find it confusing to understand your electricity bill? With this guide we will explain each of the sections that make up your electricity bill and why you pay those amounts.
To begin we have to know that the following two amounts will always appear:

• Contracted power: this fixed cost is determined by the electrical power we have contracted, regardless of our consumption.
• Electricity consumption: this variable expense is the result of the electricity we have consumed during a specific period.

Well, now we have a clear idea of the two amounts that will always appear on our bill, now we are going to look at other important aspects that influence the amount of the electricity bill:

• Electricity Tax: a special tax will be added to the two amounts we saw above, which is approximately 4.86%.
• Equipment rental: unless it is owned by the client, there will also be a periodic cost for renting the meter.
• VAT: 21% is applied to electricity prices.

Once we have seen the sections that influence the amount of the bill, we now take a look at the type of rate you have contracted, which can be:

• Normal rate: you pay the same price per kWh 24 hours a day, all year round.
• Night rate: also known as time-of-day rate, which is the rate negotiated with the marketing company for different prices depending on the time of day.
• Now it's time to talk about the structure of the electricity bill, which has several sections:
• Header: data from the electricity company and data from the invoice that is issued.
• Customer information : customer details, delivery address, bank and invoice charge date.
• Invoice amount: this section details all the amounts seen above, the result of the sum is the total to be paid.
• Contact channels: email, telephone numbers for queries or breakdowns, schedules, website, etc.
• Electricity consumption information: reflects the history of electricity consumption through a graph throughout the year.
• Contract data: which shows the type of contract, the contracted rate, type of meter and other services, CUPS number and more information about our contract.
• Destination of the bill amount: graph that reflects the percentages of how our electricity consumption has been distributed.
• Other information: information of interest on the electricity market, alternatives and information on the social bonus for vulnerable consumers.

Please note that not all invoices are the same in structure but they are in data, so the positions of these concepts may vary in each one of them.