ENERGY SACINGS IN THE CANARY ISLANDS: THE KEYS TO SAVING ON YOUR ELECTRICITY BILL

On the sunny Canary Islands, saving energy is not only a smart choice for your pocket, but also a significant contribution to the environment. In this post, we explain how the electricity market works and give you the keys to understanding it clearly, thus helping you save on your electricity bill.

How the Electricity Market Works in the Canary Islands

The electricity market in the Canary Islands works in a similar way to the rest of Spain, but with some particularities due to its island status. Understanding how it works is essential to optimise your consumption and reduce costs.

1. Energy Generation: Energy in the Canary Islands is generated mainly from renewable sources such as wind and solar, as well as conventional generation plants.
2. Distribution and Marketing: The energy generated is distributed through networks until it reaches your home. The marketing companies are in charge of selling you the energy, and they are the ones who offer you different rates.
3. Rates and Billing: Rates can be fixed or indexed. Fixed rates maintain a constant price, while indexed rates vary depending on the market. The CNMC has highlighted the importance of transparency in billing to avoid unpleasant surprises.

Energy Saving: Practical Tips

To maximize energy savings in the Canary Islands and reduce your electricity bill, we offer you some practical tips:
1. Installing Solar Panels: Take advantage of the Canary Islands' abundant sunshine by installing solar panels in your home. Not only does this reduce your dependence on the electricity grid, but it can also allow you to generate surplus energy.
2. Storage Systems: Consider installing real batteries to store solar energy generated during the day and use it at night. Avoid confusion with terms such as “virtual battery”, which according to the CNMC, can be misleading.
3. Consumption Optimization: Use efficient appliances and optimize energy use. For example, take advantage of the hours of lowest cost according to your electricity rate to carry out high-consumption tasks.
The CNMC wants to put an end to the term "virtual battery" used by marketers

Let's Get Things Straight: Demystifying Energy Savings

It is key to keep things clear to understand and effectively manage your energy consumption:
1. Avoid Confusion: Don't be fooled by complicated or poorly explained terms. For example, "virtual batteries" do not store energy, but rather an economic value that can be compensated at the end of the month.
2. Consult Reliable Sources: Always look for information from reliable sources and regulators such as the CNMC, which promotes transparent practices in the electricity market.

Frequently Asked Questions (FAQ)

What is a virtual battery and why should I care if I have solar panels?

A virtual battery is a term used by some retailers to describe a system that allows you to store an economic value equivalent to the excess energy produced by your solar panels, instead of storing real energy. The CNMC recommends avoiding this term due to its potential to confuse consumers. It is important to read the conditions of the products offered by your retailer carefully and understand that no physical energy is being stored.

How can I ensure that my electricity bill is transparent and understandable?

To ensure clarity on your electricity bill, especially if you have an indexed tariff or use surplus solar energy, make sure your supplier provides detailed and explicit information. This includes breaking down the components of your tariff, clarifying the limits on compensation for surplus energy, and clearly reflecting market-indexed prices.

What is the difference between a real drum and a virtual drum?

A real battery physically stores the energy generated by your solar panels, allowing you to use it when you need it, such as at night. A virtual battery, on the other hand, does not store physical energy; instead, it accumulates an economic value representing the excess energy generated, which you can use to reduce your future electricity bill.

Is it profitable to install solar panels in the Canary Islands?

Yes, the Canary Islands offer excellent conditions for installing solar panels due to their high rate of solar irradiation throughout the year. With solar panels, you can generate your own energy, reduce your dependence on the electricity grid and significantly reduce your electricity bill.

What should I know about indexed rate contracts?

Indexed tariffs vary in price according to the values of the electricity market. The CNMC has identified a lack of transparency in the presentation of these rates by some suppliers. Make sure that your bill clearly shows how the price is calculated and what components can affect your final cost.

Start saving on your electricity bill today! At D'paz Consulting, we are committed to helping you achieve significant energy savings and make the Canary Islands a more sustainable place.

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Conclusion

Saving on your electricity bill in the Canary Islands is possible with a good understanding of the electricity market and the implementation of energy efficiency measures. Keep things clear, be well informed and make smart decisions to maximize your energy savings.
If you want us to help you optimize your consumption and install efficient energy solutions, contact us today and start enjoying significant savings on your electricity bill. The Canary Islands sun can be your best ally!